The Indonesian Green Technology Journal
With the Fed turning more hawkish and Treasury yields rising, overly stretched shares may have a tough time to justify their valuations. According to data compiled by Bernstein, about one-third of all tech stocks have been just lately traded at greater than 10 times their revenues. Hedge funds, which spent December unloading high-growth, high-valuation stocks, began the new year by jettisoning software program and chipmakers at a furious pace. During the four periods through Tuesday, these sales reached the best stage in dollar terms in more than 10 years, information compiled by Goldman Sachs Group Inc.’s prime broker present.
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