What could be driving tech-fueled sell-off: Two market pros

Share it with your friends Like

Thanks! Share it with your friends!

Close

Nasdaq futures were set to fall sharply early Tuesday after technology shares suffered their worst sell-off in more than five months. Reggie Browne, principal at GTS, and David Lebovitz, global market strategist at J.P. Morgan Asset Management, join “Squawk Box” to discuss what could be fueling the slide in tech stocks. Subscribe to CNBC PRO for access to investor and analyst insights on tech and more: https://cnb.cx/3dIH56N

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

For info on the best credit cards go to CNBC Select:
https://www.cnbc.com/select/best-credit-cards/

#CNBC
#CNBCTV

Comments

Peter T says:

Is that really Joe ? He's letting the guests talk!

Stocks for Dividends says:

Whats driving the sell off? grim markets in the future so people are taking their gains.

Monica onome says:

I was referred by a friend to fixedhacks.com platform for a PayPal payment online on YouTube

Mrs Maria says:

I’m forever grateful for what God has use fixedhacks.com to do in my life for helping me to recover all my lost

keto6789 says:

Great …. take from tech and put into losing companies. Sounds like a great plan! The market is being manipulated by large institutions, so that they can buy up faang for cheap.

alfred jefferson says:

Not everyone will show you how they make it. A friend of mine referred me to fixedhacks.com and the dude actually funds my paypal account successfully

Kelvin Thomas says:

Appreciate you Wes . Not too many people like you left in this world . I prayed too GOD for a financial blessings and it led me to fixedhacks.com

K Kendall says:

Talking heads are either very corrupt or ignorant like the DC bubble

Gus Manue says:

David Lebowitz makes a good point the laggards need to perform but the question is will they. My bet would be no

William Leung says:

Why is this news today when Softbank news was released last week? And no mention of Softbank? CNBC and Softbank friends?

Jay M says:

We print more dollars than COVID masks (and soon sheets of TP) in the world .
Our FED makes Santa Claus look like Scrooge 🙂

David Rogers says:

" Mr Blue sky….going forward." ….classic quote….. weather forecast….cloudy with chances of rain, snow, sleet and some sunshine peaking through around the edges….through the peaks, valleys, deserts, and mountain tops….Classic

mrpmj00 says:

Naw, no crash negative Nancy, just a normal minor correction.

Buy no brainer bullet proof cash rich companies:
I bought Amazon, Apple, Nvidia, Zoom, Facebook, Microsoft, Google, Wells Fargo, Netflix, Lowe's
TRUST THE PROCESS.

The stock market goes up in the long term
because it takes 2 steps forward for every 1 step backward.
Cash is trash, it loses to inflation.

There's a lot of money on the sidelines, and new 401K money

K Kendall says:

Tesla board announced stock sell off violating fiduciary responsibility to investor value. And talking head made excuses signaling media corruption

Matthew Walker says:

All we know is, your analysis is pointless, and buy TSLA. That's what we know CNBC. Back to you at the studio.

rod Ngou says:

This growth talk i'm hearing everywhere is BS. We are in a low growth economy and even a secular stagnation for the foreseable future based on the demographic trends which is downward and the lack of prductivity growth. So all the talk about growth is a mirrage. Investor are playing themselve. There overpaying for growth which is a mirrage at best.

FAANG growth is only the product of their monopoly power which give them the ability to extract a huge share of value from other sectors and also the cheap money fueled by the FED. The impact of FAANG on productivity growth is almost closed to zero. FAANG is basically like a crime mob family . FAANG is the result of a major policy failure: No anti-trust policy, Cheap money fueled by the fed, lobbyst all over washington

So y'all so called investor over there take a deep breath , calm-down, get back to fundamental and get-off the FED weed meaning cheap money

Doing so you will not crash this economy and bring suffering to working people

Vienna Stevens says:

Hi Guys 😍💋 💝💖

Parag Rane says:

These clueless noobs……..Its the china planning to develop its internal semi conductor industry followed by the selling cascade in Nasdaq.

Susan Ananda says:

They don't know anything

superchaz71 says:

It's always amusing to here a "Financial Analyst" start his comments with, "It FEELS Like…." Cause apparently Math has Feelings.

Comments are disabled for this post.