Megacaps Join Widespread Tech Selloff: $GOOGL Plummets 10% in Worst Day Since 2020
Megacap stocks are now aligning with the broader market’s downward trend, highlighting a significant shift. As reiterated, the path forward seems to depend on two potential scenarios: either interest rates experience a substantial and unexpected decline from their current levels, or the valuations of these high-flying stocks face a profound reappraisal. Agreed 100%. Chart below …