Denise Chisholm On Tech, Tariffs, & Data | Quant & Colleagues | Fidelity Invesments

Market Overview - S&P 500 stocks were relatively expensive, except for the tech sector [1] - The tech sector took the biggest hit during tariff announcements in April [2] - The market has been resilient despite uncertainty around the impact of tariffs [4] Tech Sector Analysis - Semiconductor stocks are more volatile but can drive significant gains for the tech sector [1] - The tech sector is currently cheaper than it was before the tariff announcements [2] - The tech sector might be in good shape for a rebound [4] Economic Indicators - Soft data (sentiment-based measures) showed recession worries in April [3] - Company earnings did not slow down, leading to improved soft data [3]