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Home›US Markets›Sectors›Momentum tech stocks face risk after sharp Wall Street…

Momentum tech stocks face risk after sharp Wall Street selloff

Reported · Written up by our desk · Sectors

A sharp drop in highflying, momentum-oriented stocks has raised concerns that any quick rebound could prove short lived, according to MarketWatch.

The outlet says a bounce may be coming for momentum stocks that have been pushed back from recent levels, but strategist Jonathan Krinsky warns the move could also set up another selloff.

MarketWatch frames the central risk as a potential trap for traders expecting momentum to quickly snap back after the recent historic-style decline.

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Sources

MarketWatchWall Street just suffered a historic crash in highflying stocks. Why a quick tech rebound could be a trap.
MarketWatchWall Street just suffered a historic crash in highflying stocks. Why a quick tech rebound could be a trap.

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