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Tech confronts reality: Are US tech stocks still overvalued?
Event Description
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Asia-Pacific markets are mixed on Tuesday (June 27) after Wall Street's tech sell-off, which saw Tesla tumbling 6% after Goldman Sachs downgraded the electric car maker, citing pricing headwinds. Other major tech names like Nvidia, Alphabet and Meta Platforms also lost more than 3% each. Tech stocks slumped across the board as investor enthusiasm over AI fizzled out and was replaced by a more clear-eyed view of today's economic conditions. The sell-off in tech put pressure on the Nasdaq Composite, which sank 1.16%. The S&P 500 fell 0.45%, while the Dow Jones Industrial Average dipped 0.04%. Show More
Asia-Pacific markets are mixed on Tuesday (June 27) after Wall Street's tech sell-off, which saw Tesla tumbling 6% after Goldman Sachs downgraded the electric car maker, citing pricing headwinds. Other major tech names like Nvidia, Alphabet and Meta Platforms also lost more than 3% each. Tech stocks slumped across the board as investor enthusiasm over AI fizzled out and was replaced by a more clear-eyed view of today's economic conditions. The sell-off in tech put pressure on the Nasdaq Composite, which sank 1.16%. The S&P 500 fell 0.45%, while the Dow Jones Industrial Average dipped 0.04%.

The attempted insurrection in Russia across the weekend dominated headlines, but it didn't seem to occupy investors' minds. Instead, macro factors are likely to remain the main drivers of risk assets. Russia's invasion may have marked the end of the low-rate, low-return environment since the 2008 global financial crisis. There have been 41 corporate defaults in the U.S. so far, the most globally and more than double during the same period last year, according to Moody's Investors Service.

Q:
1. What macro factors do you think have influenced your investment strategy in the Russia-Ukraine crisis?
2. Are you still enthusiastic about the US tech stocks?

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