Whatever the Stock Market's Problem, It's Worse in Tech Shares
- Nasdaq 100 implied correlations surge during sell-off
- Tech price-to-earnings premium still above long-term mean
Photographer: Krisztian Bocsi/Bloomberg
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Tech wreckage keeps piling up.
The once high-flying stocks that propelled the S&P 500 Index to records have been leading the way down amid signs of hedge fund flight.