In the last few weeks, technology companies have struggled on Wall Street.
With Amazon, Facebook, and Twitter announcing major staffing changes, their stocks have taken a tumble.
Will that have ramifications on the market?
“The wise guys think that the market won’t go anywhere without tech stocks. And that may very well be true,” local financial advisor Howie Pentony explained. “But, the idea that the market will not do something doesn’t make any sense. Markets do what markets do. They don’t care who’s in power.”
Markets rallied last week after news of inflation slowing during October.
Pentony is the founder and president of Pentony Capital Management in Portersville.
