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The tech stock free fall doesnt make any sense , BofA says in rebuke to investors
As semiconductor stocks undergo another bout of severe volatility, Bank of America Global Research has issued a sharp rebuke to prevailing market sentiment, labeling fears driving the current tech-sector selloff as logically impossible.
Summary
As semiconductor stocks undergo another bout of severe volatility, Bank of America Global Research has issued a sharp rebuke to prevailing market sentiment, labeling fears driving the current tech-sector selloff as logically impossible. In a note released Tuesday, analysts argued that investors are currently pricing in what Fortune ’s Jim Edwards called a “ free fall ” based on beliefs that BofA considers “internally inconsistent.”
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