“Technology is working and part of it is why the rest of the market is not working. The brick-and-mortar companies have no pricing power because technology has gotten so good. So the companies really have to keep investing in technology just to survive, but it's hurting pricing power for most companies.”
“With the Fed raising rates, the more speculative tech stocks start to fade and the good-old favorites come back in style. I think investors are going after safer but still strong companies.”
