$Blackrock(BLK.US)$ It's time to take profits on tech stocks — the early sector winner of 2023 — as the Federal Reserve may soon dash hopes for a pivot on interest rates, says Gargi Chaudhuri, BlackRock's Head of iShares Investment Strategy Americas.
The strategist noted that "investors should be positioning for the Fed to pause and not to pivot. Regardless of what the Fed’s actual terminal rate is, we see the Fed staying on hold for a ...