peshkov/Getty Images/iStockphoto

Technology Stocks have been volatile for some time and have recently suffered a massive sell off. Now, some analysts say they were “totally wrong” for being overly optimistic, especially given the current macro environment. That war in Ukrainethe COVID-19 pandemic, 41-year high inflation and tomorrow’s Fed rate hike decision are all acting as factors increasing market stress and volatility, including in the technology sector.

Discover: 22 side jobs that can make you richer than a full-time job
More: 27 Ugly Truths About Retirement

“We’ve been stalwart bulls in tech stocks for the past decade BUT we’ve been clearly wrong in this massive sell-off over the past few months. The Fed’s rate hike cycle/risk-off mentality is creating…

Source link

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.