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Worried About Staggering Tech Valuation? Analyst Says These Stocks Are Poised To Go Higher As Fed Kicks Off 'Rate-Cutting Cycle' This Week

Benzinga ·  Sep 16 14:24

Tech's extended bull run has more legs to play out, with a key imminent catalyst potentially giving a thrust to the stocks belonging to the sector, according to an analyst at Wedbush.

Fed To Kickstart Risk-On Trade:The Federal Reserve will finally begin to cut interest rates in the current monetary policy cycle. The likely cut will come two-and-a-half years after the first rate hike implemented to curb inflationary pressure that reared its ugly head following the stimulatory measures implemented to offset the impact of the COVID-19 pandemic.

Wedbush'sDaniel Ives said tech investors...

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