Tech Stocks Get Slammed

Good morning investors, Tech stocks got slammed in yesterdays trading session. The Nasdaq was down -2.51%. Bitcoin followed, down 2.38% along with the S&P 500 which was down 1.42%. Year-to-date, tech stocks are the worst performing sector with the Nasdaq down 2.64%. Investors have begun to rotate out of tech and into value stocks, with the iShares Core S&P U.S. Value Index (IUSV) up 1.49%.

Read →