Summary : Tech stocks have gotten some of their mojo back — at least for now.
In our series “What to do in a bear market,” Yahoo Finance examines Wall Street analysts’ recommendations on tech related holdings — against a backdrop of a slowing economy and the Federal Reserve’s moves to bring down inflation.
“The big, big bet on tech, is basically that real rates, and longer dated real rates in the U.S. are going to stay pretty benign and pretty low,” Max Kettner, HSBC chief multi asset strategist recently told Yahoo Finance Live.
Many unprofitable tech companies did really well in 2020 and 2021, only to see their pandemic gains evaporate.
“Fed tightening cycles are not friendly to speculative tech names,” Hue Roberts, head of analytics at Quant Insight told Yahoo Finance.
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