The technology sector is witnessing a downturn as stocks continue to falter due to unimpressive earnings. expert has indicated that the unwinding of popular trades, which led to inflated valuations, has begun. What Happened: The assumptions driving this year’s global financial markets are being rapidly reassessed. Investors are scrambling to redeploy money amid growing doubt over the U.S. economy’s outlook, leading to speculation that the Federal Reserve may implement faster or deeper rate cuts than previously planned, Bloomberg reported on Friday. Investors have become skeptical about the pay…
