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Is it time to give up on your tech stocks?

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Tech stocks have fallen dramatically over the last 8 months with the Nasdaq down almost 27% year to date.

Naturally, this decline has been a key focus in global investment circles, with the question front of mind for investors whether they should be considering switching out of stocks in case they fall even further, or whether now is a good time to be invested?

You don’t need to be a market expert to note that these themes from the Dot Com crash are once again prevalent in the current market environment, said Louw. In June 2022, the Fed surprised the market by hiking rates for the third time, but rather than increasing the Fed rate by 0.5% as expected, they decided to raise rates by 0.75%. This caused quite a few prominent economists to state that in their view, the US will undoubtedly go into recession, as was the case in the early 2000s. This all came to bear in the fact that the Nasdaq had its worst first half of the year on record in 2022.

 

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