Holger Zschaepitz on X: "Don't be fooled by Tech stocks' rise. There could be more pain. Fed's change in stance will make gains hard to come by for Tech. Aggregate size of
![Mega-cap tech stocks underperform broader market as Fed hikes persist | S&P Global Market Intelligence Mega-cap tech stocks underperform broader market as Fed hikes persist | S&P Global Market Intelligence](https://www.snl.com/articles/418919803.png)
Mega-cap tech stocks underperform broader market as Fed hikes persist | S&P Global Market Intelligence
![Barchart on X: "Tech stocks are so expensive that the Fed would have to pivot and cut interest rates by at least 200 bps to justify the current valuations 👀 https://t.co/qKVOxsdgZj" / Barchart on X: "Tech stocks are so expensive that the Fed would have to pivot and cut interest rates by at least 200 bps to justify the current valuations 👀 https://t.co/qKVOxsdgZj" /](https://pbs.twimg.com/media/Fr8tUdPXgAAs_1I.jpg)