For the first time in a long time, the entire tech sector took it on the chin yesterday. If (repeat, IF) we see more of this kind of momentum going forward, it’s going to weigh on the broad stock market. This will be especially true given what we’re seeing with long-term interest rates…and escalating geopolitical tensions.
None of this means that the bull market is coming to an end (not by a long shot), but it does raise the odds that a surprising pullback could take place over the coming weeks.
