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With the faster news cycle and quicker speed of transactions, it makes sense that a market bottom might be reached quicker. But this looks more like a retest than a bottom.
Trying to guess the exact market bottom increases your risk of buying at the wrong time. There is no way to know how much further the market may drop from here.
Now that we're up -- and haven't given it back yet -- I am asked how we can possibly retest with the Fed lending a helping hand ... here's how.
Should growth expectations have to come down for more than a few months due to macro headwinds, tech companies sporting high valuations will likely see multiple compression.