New York CNN Business —The great bull run for tech stocks may finally be over.
The tech sector has been a market leader for years, but there are growing concerns about the future.
Todd Sohn, director and technical strategist at Strategas, noted in a report late last week that when tech stocks imploded in 2000 as the dot-com bubble burst, it wasn’t until after the 2008 financial crisis before tech resumed a role as a market leader.
But cybersecurity stocks such as Palo Alto Networks (PANW), as well as semiconductors, are more reasonable.
In other words, tech investors should be looking tor more boring parts of the sector, not assets like crypto that are more about hype than substance.