These Investors Say Nasdaq’s Bear Market Has Legs
- Higher rates, recession risk seen curtailing last week’s rally
- Analysts still optimistic on earnings even as Fed tightens
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The drubbing global technology stocks have seen this year may be far from over.
That’s the message from many strategists and fund managers, who expect this year’s rout to deepen in the near term as the Federal Reserve aggressively tightens monetary policy to fight inflation, raising the specter of a recession.