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Furthermore, the Fed is expected to consider speeding up the pace of its tapering to $30 billion per month at its December meeting. This might give the Fed the flexibility to raise interest rates soon, which in turn could increase the interest expense borne by tech companies, reducing their future earnings.
Given this backdrop, we think investors should take care regarding betting on popular tech stocks DocuSign, Inc. (DOCU) and Asana, Inc. (ASAN), which have plunged more than 45% in price over the past month.
