BlockBeats News, November 14: Alberto Conca, chief investment officer at Swiss wealth management firm LFG+Zest, said the market rally is broadening, and that European equities, with their more defensive positioning, may continue to outperform.

Conca made this assessment before leadership changes at Nvidia. Information technology accounts for more than 35% of the MSCI USA Investable Market Index, compared with just 8.8% in the corresponding European index. European indexes have broader exposure to financials, healthcare, and energy, while earnings at some companies and better-than-expected economic data have also provided a buffer.

This protection is relative. Investors point out that Europe's lower weighting in technology stocks can cushion volatility in any single sector; if the sell-off spreads from U.S. tech stocks to the entire Wall Street market, stocks in Europe and other regions could also be dragged down. (Jinshi)