Tech is expected to continue to experience pressure for the rest of the year. NBC News is reporting that the FAANG stocks have entered a bear market, with a drop of 20% or more compared to their 52-week highs. However, Apple and Facebook have been largely over sold and could be a buying opportunity.
Elliott Fishman on Tech
We can see increased volatility as we get closer to a bottom and it’s not easy to pick a bottom. The recommendation is that at this point you should pay attention to oil and NASDAQ stocks.