The biggest issue for tech is interest rates. Companies sensitive to growth rates as well as interest rates are getting hit rather hard.
More Quotes from Kent Engelke:
Investors are going be looking carefully at today's retail sales for any sign that consumer spending may be slowing. Oil is also up for a third consecutive day. We know oil is a major concern for the Federal Reserve and elevated oil prices are one of the reasons why the Fed has taken a very aggressive stance on monetary policy.Kent Engelke
We're going to see a little bit of consolidation from recent gains on some nervousness over company profits and tomorrow's Tuesday's Fed meeting.
Kent Engelke
If one only concentrated upon monetary policy, one could rationally conclude that both stocks and bonds would be crushed.
Kent Engelke
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