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A Wall Street investment chief says the relentless surge in big tech stocks is headed for an abrupt ending a?? and warns it could sink the entire market by 40%

A Wall Street investment chief says the relentless surge in big tech stocks is headed for an abrupt ending a?? and warns it could sink the entire market by 40%
Jianan Yu/Reuters



Investors have bid up the largest technology stocks to valuations that are unsustainable and set to roll over, according to David Bahnsen, the founder and chief investment officer of The Bahnsen Group.




In an interview with Business Insider, he shared his concerns about big tech besides stretched valuations, and explained how a reckoning for the sector would affect the broader market.




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If you asked David Bahnsen for his view on when big tech stocks will peak, his lack of specifics will probably leave you dissatisfied.
The founder and chief investment officer of The Bahnsen Group knows well that timing the market is a fool's errand. But he has detailed thoughts on why mega-cap tech's ascent cannot continue forever, and on the obstacles lining up to disrupt it.
As the S&P 500 flirts with a record high and a new bull market ensues, Facebook, Amazon, Netflix, Microsoft, Apple, and Alphabet are maintaining their position at the forefront of gains. Their massive market caps mean they now constitute a record 20% of the S&P 500.
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