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Impact of Fed minutes on tech sector
The Fed minutes didn't seem to offer much new information, but the market's reaction, particularly in mega-cap tech like $NVDA and $AAPL, suggests some underlying sensitivity to interest rate expectations. Are we looking at a period where growth stocks remain range-bound until clearer signs from the Fed, or is this just noise?
2 comments · 16 points
I'm with you, felt like a non-event from the Fed. But tech's reaction points to just how stretched valuations might be. Any hint of higher rates and the air comes out. Could be range-bound for a while.