Jeffrey Buchbinder, chief market strategist at LPL Financial, believes that there is new growth ahead for tech stocks after the disruption in early 2023.

The reasons for this growth will be slowing inflation and signs of a slowing labor market, which contributes to a generally risky sentiment. The Nasdaq Index has jumped 15% this year on expectations that the stop raising interest rates, and the global economic situation will gradually begin to stabilize.

The tech sector’s rally in early 2023 will continue, Thanks to U.S. economic data that increases the likelihood that the Fed will pause its fight against inflation.

The Nasdaq Composite is up just under 15% in early 2023, while the S&P 500 Index is up 7% in the same period.

According to Buchbinder, the Nasdaq index has outperformed expectations as investors have turned their attention to recent economic data that supports the view that the Fed may soon stop raising interest rates.

​​Many companies, no matter what, continue to show strong financial results and earnings growth. New innovative products or services that are released into the marketplace attract a large number of consumers and investors.

There has been an increase in investor interest in technology companies. But it is important for investors to consider global financial market events, such as rising interest rates or political instability, as they continue to affect the stock prices of technology companies.

Earlier, we reported that analysts at JPMorgan had promised a recession in the U.S. market.