Stocks are down as pressure on tech continues — Here's what investors are saying about the markets

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Stocks are down as pressure on tech continues — Here's what investors are saying about the markets (via TradingNation)

Roger McNamee, Elevation Partners co-founder, says there could be more downside for technology ahead.

"Now we're in a situation where, uh-oh, there's some inflation showing up.

Tiffany McGhee, CEO of Pivotal Advisors, says it could take time to get back to a sense of normalcy in the job market. "I really believe that we're in a transition period. We're really trying to figure out what our new normal is ... and it's not that we're going to snap our fingers and go to this reopened state. It's going to take a while for us to get there. ... I'm really thinking about the jobs number that came out.

"The Fed certainly is showing absolutely no hesitation in reasserting its conviction that inflation is transitory. So short term I don't think the Fed moves at all. It will need unambiguous evidence that we've turned. And then by the time it gets it, it has to go through a whole cycle. ... Whether it extends as far as 2023, I'm not sure.""If you look at the history of the performance of stocks, they can do fine with inflation up into the 3% to 3.

 

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