Hedge fund manager Dan Niles says it’s too early to buy beaten-up mega-cap tech stocks
Hedge fund manager Dan Niles sees this week’s tech sell-off as confirmation that the trade is in significant trouble. Niles sees the market’s response to Google parent Alphabet ‘s quarterly results as evidence investors are getting impatient. Shares tumbled 5% on Wednesday. “The way the market reacted to Google tells me that people are finally…