Tag AAPL

Investors are growing concerned about the rise in Big Tech stocks like NVIDIA (NVDA), Microsoft (MSFT), and Apple (AAPL). Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, tells Yahoo Finance Live why investors are keeping a close eye on the bond market and valuations. “When we saw bond yields move up most recently, you saw that big reaction in tech. You know, it really did tell you, equity investors have not wanted to chase this move. So, if given an excuse to pull out, they’re going to do it. They’re going to wait for more reasonable valuations to come back in,” Calvasina said. Calvasina explains how “it’s not all about the long-term growth expectations. Those are important and I think that will put a floor under the sector. So we actually still like tech longer term, but in the short term, I don’t think you can get around that fact that it’s a headwind for a trade that’s become very, very crowded.”...

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Conditions across various market gauges are negative ahead of major cyclical downturn patterns. Read why tech sentiment has turned negative, indicating a possible market correction...