Technology stocks are the most oversold they have been since 2015, according to Dan Ives, an analyst at Wedbush Securities.
The tech-heavy Nasdaq Composite COMP has dropped 11% this year — about twice as much as the broader S&P 500 SPX — as the yield on the 10-year Treasury BX:TMUBMUSD10Y has surged in response to the Federal Reserve’s plans to forcefully lift interest rates.
Stocks…
Source: https://www.marketwatch.com/story/tech-stocks-havent-been-this-oversold-since-2015-leading-analyst-says-11649332475?siteid=yhoof2&yptr=yahoo