Technology stocks have been the best performing sector in the S&P 500 so far this year, but the group is poised for a pullback in the second half.
That’s the assessment from John Eade, president of Argus Research.
“I’m not going to say [the tech sector is] in a bubble yet, but it’s moving in that direction,” he said. “I think the valuations are becoming a bit stretched, so I could see a bit of a pullback in tech.”
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