The Coming Cold Reality for Tech Stocks

Technology investors from Silicon Valley and beyond, beware. The industry is on the cusp of a sea change in tech investment as capital requirements are outpacing even the largest venture firms' funding abilities, while major product rollouts are failing at unexpected and unprecedented levels, indicating a shift in their consumer bases. This trend is moving at fiber optic speed. If you have money invested in tech, you need to read this new report, right now—it's a quick 5-minute read, directly from the desks of our top analysts, 100% free.

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A Trend No One Else is Tweeting About … Yet

Last year, as the NASDAQ Composite finally managed to rally to a new all-time high for the first time since 2000, many technology enthusiasts insisted that this time the rally was on "more solid ground than its counterpart in 2000."

We countered that bullish imaginations were inflamed nearly as much as they were then and stated that the "technology euphoria [of 2015] was powerful enough to fuel another outsized retrenchment by the NASDAQ."

As the index topped in July, we noted the dominance of a few tech heavyweights and stated that the sector was "falling in line with the nascent bear market." At the end of 2015, the champagne corks were still popping, and we quoted widespread expressions of a "limitless belief in technology." While sentiment toward technology "remained effervescent," we observed the narrowing participation of tech stocks and stated that it was a sure sign that the technology sector was ready for its next sobering.

Dive in with us as we explore what's next and get you up to speed with the fast-moving trends in tech stocks. From Apple to Square, Twitter to Tesla, Facebook to Fitbit—a cold new reality is coming for the tech industry.

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Meet Your Authors

Steve Hochberg

Steven Hochberg Chief Market Analyst

Steven Hochberg is Elliott Wave International's Chief Market Analyst, co-editor of our monthly financial publication The Elliott Wave Financial Forecast and editor of the EWFF Short Term Update. He began his career with Merrill Lynch and joined EWl in 1994. Steven is one of the world's foremost experts on Elliott wave application to market forecasting. He is a sought-after speaker widely quoted in The Los Angeles Times, The Washington Post, Barron's, Bloomberg News and interviewed numerous times for his market views by CNBC, MSNBC and Bloomberg TV.


Peter Kendall

Peter Kendall Co-Editor, Elliott Wave Financial Forecast

Peter Kendall is co-editor of The Elliott Wave Financial Forecast. Pete authored The Mania Chronicles with Robert Prechter in 2009 and contributes to The Short Term Update. Pete began his career as a financial reporter and columnist and joined EWI in 1992.