Time to Cash Out? 3 Overvalued Tech Stocks to Dump Before the Selloff

Cracks are starting to form in the tech trade. After leading the market higher over the last 18 months, technology stocks are starting to waver. Since peaking in late March, the Nasdaq composite index has declined 6%. The pullback comes as markets adjust their outlook for interest rate cuts this year. In January, the market was pricing in at least six rate reductions in 2024. Now, only two interest rate cuts are anticipated. Higher for longer rates are troublesome for high-flying technology stocks, many of ...