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After Meltdown, Tech-Bottom Signals Have Yet to Scream ‘Buy Now’

  • Valuations look more attractive, but the backdrop doesn’t
  • Allocation to tech sector is at lowest since 2006: BofA survey
NASDAQ Falls On Tech Company Earnings Reports

Photographer: Spencer Platt/Getty Images

Calling the bottom in the tech-sector meltdown isn’t easy, even after a $5.5 trillion wipe-out, yet there are some signals giving investors hope.

Tech stocks have been hammered this year as rising interest rates, slowing economic growth and soaring inflation form a perfect storm of negative catalysts. That’s hurt everyone from retail investors who loaded up on Cathie Wood’s Ark Investment exchange-traded funds last year to deep-pocketed asset managers who invested in Apple Inc.