The tech market saw a steep correction in its valuations, following a pandemic-driven boom, in the first weeks of this year, as inflation rose to historic heights and the Federal Reserve signaled an increase in benchmark interest rates. However, this is expected to be a boon for the market’s long-term health. Analysts have argued that a shift in investor sentiment could be a precursor to a healthy long-term cycle.
Last Thursday, the stock market staged a striking comeback due to a sharp rebound in tech stocks, which had retreated to 11-month lows, amid the Russia-Ukraine conflict, as the Biden administration announced export restrictions against Russia but did not ban the country’s use of the SWIFT International Payment system, seemingly giving rest to investor concerns.
