When Janet Yellen talks, the market listens. Tech stocks took a breather from their torrid valuations As she was discussing the stock market in detailed terms, calling out specific stock sectors on overvaluation concerns, a level of public detail not often communicated by a Fed chairman, certain high flying tech stocks she alluded to took a breather from their torrid valuations. While Yellen said that generally stock market valuations didn’t look expensive, she did note that tech and social media high flyers might need to be questioned. “Valuation metrics in some sectors do appear substantially stretched—particularly those for smaller firms in…
As Yellen Spoke, Tesla Motors Inc Stock Tumbled
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.