Eq: Tech
Investor funding for...see the full story on our partner Positivly's site
Tech has been hit hard the past few weeks over rising inflation concerns and what that means for companies with ether cash flows…see the full story on our partner Magnifi’s site
(New York)
Financial technology is one of the fastest-growing sectors in the market…see the full story on our partner Magnifi’s site
More...
(Las Vegas)
Tesla Inc. Stock dropped recently after…see the full story on our partner Magnifi’s site
(New York)
Goldman Sachs released a key report to its clients this week detailing…see the full story on our partner Magnifi’s site
(New York)
It was an awful day for markets, with all three big indexes getting hammered, including a Nasdaq loss of 2.7% (the Russell 2000 lost over 3%). The reality is that things are likely to get worse. The inflation reading which spooked the market confirmed the worst fears of investors: that the economy may be heating up so much that the Fed will be forced to taper its support early. Every piece of data is now likely to be understood from this fearful perspective in coming weeks, which means volatility is probably going to stay quite high.
FINSUM: The market is irrationally afraid of inflation right now and has become very disconnected from fundamentals. Earnings are doing quite well and the fundamental direction of most companies is strong, including tech stocks, which are getting battered.