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Wall Street's Euphoria About Tech Stocks Would Be Justified Only If Fed Cuts Rates By 300 Bps — Yes, You Read It Right!
Sunday, April 23, 2023 - 10:10pm | 508Wall Street traders appear to be overlooking signs that rally in technology stocks might be overdone as is reflected by the significant surge in the S&P 500 Information Technology Index as well as high equity valuations. What Happened: Expectations that the Federal Reserve will pivot from its...