Tech Stocks Outperformed Wall Street in the First Quarter

Tech stocks have outperformed the rest of Wall Street at least in the first quarter, coming off a pretty dismal lows from before that. The NASDAQ 100, the key benchmark for big tech is back in bull market territory. But as Gina Martin Adams over at Bloomberg Intelligence will point out, the valuations are still way out of whack unless we start to see the Fed actually cutting rates. We're just anticipating a slowing in those rate hikes.