Tech stocks have been leading the market for months — but that leadership is starting to crack.
With new tariffs on China kicking in at the start of this week, the market is reacted and sold off hard. And while it’s not the only factor in play, the tech sector is feeling the heat.
We’ve also just seen a full 10% correction in the S&P 500, which has shaken up growth stocks across the board.
When markets roll over, traders start looking for places to take risk off the table — especially in stocks that have seen big gains over the last year.
Where Does Tech Go From Here?
For tech stocks to regain momentum, we’ll need to see:
- A stabilization in the broader market – The S&P 500 is retesting key levels, but it needs to hold and confirm a bounce before high-growth names can recover.
- More clarity on tariffs – The latest round of tariffs has already hit, but any new developments could either fuel more selling or bring relief.
- Earnings season as a wildcard – Tech companies will need to prove that demand remains strong despite higher costs and economic uncertainty.
The market is at a major inflection point, and what happens next could set the tone for the rest of the month.
I just covered this and more in my free Weekly Wrap-Up session.
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Stay sharp,
—Geof Smith
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