Amid the Fed’s aggressive rate hikes to battle high inflation, the tech sector has witnessed a massive sell-off this year. Technology stocks went from most loved during the pandemic to the most heavily sold.
Jamie Dimon, CEO of JPMorgan Chase, cited the impact of runaway inflation, hawkish hike in rates, and Russia’s war in Ukraine, likely to tip both the U.S. and global economy into recession by the middle of next year.
