Tech's Rally Is Almost Over And What That Means For Energy Stocks
Nasdaq is up 35.38% this year, but the rally won't continue. There are far too many reasons why that is, but here are the most important ones:
Valuation, valuation, valuation. But more importantly, it's the valuation relative to the interest rates.
A broader rotational trend shift remains in place with value set to outperform growth.
Federal Reserve is likely to keep interest rates elevated for longer even with lower inflation figures coming. Oil price will be a potential catalyst.