Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “The stock market managed to bounce off the lows of Monday’s session, but the fierce selloff that led to a 500-point plunge on the Dow early on provided another example of just how vulnerable investors are to global trade tensions and President Trump’s itchy Twitter finger.
“What the Goldilocks jobs report on Friday giveth, Twitter and trade taketh away,” DataTrek’s Nick Colas wrote in a note to clients. “There’s always one sector to watch for signs that the fear has hit a crescendo, and this time it is technology.”
Colas says it is the “fulcrum asset” from both a fundamental perspective and in terms of market valuations, which are clearly running high”….
Read the full article here on MarketWatch!