These 3 Tech Stocks Are Quality Long-Term Buys
You don’t have to be an expert in economics to understand that the market has not been happy about the Fed’s recent announcement of tapering its total asset purchases. Tech stocks have been taking a beating due to impending interest rate hikes, which has been a big drag on the overall market to start the year. Looking back to 2013, U.S. Treasury yields reacted in a similar way to what we’ve seen recently when the Federal Reserve decided to reduce the volume of its bond purchases, which is commonly referred to as the “taper tantrum”.
