Key Takeaways
- Last year wasn’t kind to tech stocks as we saw even the biggest tech companies (Apple, Microsoft, Meta) drop significantly in market cap.
- Many analysts are optimistic about the future of tech stocks due to the growing demand for cloud-based services and the possibility of consumer spending returning to normal if we avoid a recession.
- We still have to consider macroeconomic factors as we’re not in the clear yet when it comes to avoiding a recession.
It’s no secret that 2022 was a volatile year for the economy as a whole and for the stock market. We saw some of the biggest companies drop in value significantly as soaring inflation and rate hikes led to a series of investor sell-offs due to fears of a possible recession.
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