Tech stocks have been under pressure since last year due to the Federal Reserve’s aggressive interest rate hikes. After announcing its tenth interest rate hike of 25 basis points last week, the central bank has signaled that there could be a pause in the tightening cycle. While this could be good news for tech stocks, one must be careful with the spate of macroeconomic data due for release.
With a recession likely this year, not all tech stocks are good investment options. However, investors could look to buy software giant Adobe Inc. (ADBE) during a recession.
