(Bloomberg) — Skeptics have lengthy made a sport of predicting that the decade-long rally in know-how shares was destined to reverse. On the midway level of 2022, it looks as if that is the 12 months when they are going to be confirmed proper.
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The Nasdaq 100 Index has tumbled by virtually a 3rd this 12 months, together with a 1.3% drop on Thursday, erasing some $5.4 trillion in worth in a selloff that has left few shares unscathed. The benchmark, which will get half its worth from tech, ended down 9% for the month of