Goldman Sachs is cautioning that high-flying tech stocks may be due for a downturn. Despite recent strong performance, the bank’s specialist says there are risks ahead.
Recent data showed consumer prices coming in below forecasts, which has led to some relief and rising stock futures. However, tech stocks have been performing exceptionally well, with the Nasdaq-100 index being a standout performer in the June quarter.
Source: https://www.marketwatch.com/story/goldman-says-market-is-heading-into-a-news-vacuum-and-theres-weakness-under-hood-8d338880