Markets drift as tech bubble jitters and crypto slump weigh on sentiment

Sentiment sours as tech and crypto pullbacks shake confidence in a prolonged rally.

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Markets drift as tech bubble jitters and crypto slump weigh on sentiment

Markets drift as tech bubble jitters and crypto slump weigh on sentiment
Stocks, especially in technology and growth segments, are drifting as renewed fears of a tech bubble and a sharp crypto slump weigh on investor confidence. Equity markets have erased sizeable year to date gains and participants warn the sell off could deepen as the broader market is not yet oversold. 
Uncertain central bank policy, stretched valuations and reduced risk appetite continue to challenge assumptions that the long standing tech rally would remain uninterrupted, reinforcing a cautious outlook among global investors.
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  • markets
  • sentiment