TMUS - If a recession comes where do tech investors go? Here are some answers
As the Federal Reserve looks to slow surging inflation, worries have cropped up that the U.S. and global economies could enter into a recession if the Fed is unable to engineer a so-called "soft landing" for the economy. Those worries have hit tech stocks more than others, as many tech companies are focused on growing revenue and care less about immediate earnings. And analysts at Citi have has laid out the case for two different types of recessions, one that's mild and another "more severe, macro growth scare," and how those scenarios could impact the tech sector. According to analyst Michael Rollins, the fallout of a recession would be "felt mostly" in the first-half of 2023, could hit earnings by 10%, and bring the S&P 500 (SP500) down to 3,650, with the response from investors to be earlier "on both the way in and out," as with previous recessions. Rollins
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If a recession comes, where do tech investors go? Here are some answers