Good Morning Mindful Traders,
It has been a while - I have been working on other projects as of late however figured I could chime in on this one.
Lots of panic over a normally explained situation. All indexes had over performed during the COVID-19 lock down. A large part of this was due to the amount of cash poured into the technology sector well knowing that this would be one of the most new markets and companies that we would become reliant on more than ever. To do groceries - work - cure our lonely (We really should be turning to meditation instead :P but that can be for another day.
Now we are witnessing companies, institutions and individuals realizing their gains and that tech is an over bought segment. With this old cash being pulled out of tech it will most likely be re-distributed into other sectors until the tech companies provide more to offer for an average investor.
Until then - dont panic - meditate and relax - All will be fine :)
Cheers
It has been a while - I have been working on other projects as of late however figured I could chime in on this one.
Lots of panic over a normally explained situation. All indexes had over performed during the COVID-19 lock down. A large part of this was due to the amount of cash poured into the technology sector well knowing that this would be one of the most new markets and companies that we would become reliant on more than ever. To do groceries - work - cure our lonely (We really should be turning to meditation instead :P but that can be for another day.
Now we are witnessing companies, institutions and individuals realizing their gains and that tech is an over bought segment. With this old cash being pulled out of tech it will most likely be re-distributed into other sectors until the tech companies provide more to offer for an average investor.
Until then - dont panic - meditate and relax - All will be fine :)
Cheers