The tech stocks are still (very) expensive

Callum_Thomas
04-03

Here's the thing...

-tech stocks are still (very) expensive

-tech earnings are overinflated

-recession is on the way

Tech was riding high on what were very real high earnings *and* the expectation of external exponential growth. That gets thrown into question when you get a (US) recession and a USA vs the world economic war.

The market cycle is already turning, tech earnings are going to correct lower, and tech stock valuations are going to be chasing a moving target down.

I suspect some big opportunities will come out of this, but in the mean time focus on defense, risk management, and capital preservation.

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Dow Jones(.DJI)$

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