Most tech stocks has drop 70% or more during aggressive rate hikes. Federal Reserve has finally given the market to push recoup losses during 2022. Federal Reserve will re-decide ideal rate hike for 2023, 2024 and 2025 during the March meeting. Slower GDP growth,mortgages and inflation will consider for the estimates in March. I personally do not think blown off top is possible in this rally as rate hike will not pause/lowered. Recouping 50% of 70% drop is possible in the short term. NFP, lower inflation data and GDP growth have to be considered.
$Tesla Motors(TSLA)$ $SPDR S&P 500 ETF Trust(SPY)$ $Palantir Technologies Inc.(PLTR)$
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