The valuations of Shopify and PayPal are closely tied to interest rates. With such a flat yield curve, where is the current upward momentum coming from?
On the cybersecurity front, Cloudflare and CrowdStrike are in essential sectors, and shifts in narrative have little impact on them.
As for Qualcomm, watch the copper price. If copper doesn't rise, don't talk about a semiconductor recovery.
Right now, the "soft landing" narrative is propping up tech stock valuations, but the VIX signal is a variable 🤔
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