Contrarian alert: Is it time to look at software companies?

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The US 10-Year Treasury note ended October of 2023 with a yield of 4.88%, but had dropped to 3.88% by the end of the year. The BVP Nasdaq Emerging Cloud Index, an index comprised of Software-as-a-Service (SaaS) companies, delivered a return of 28.03% between 31 October and 31 December 2023.

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