Tech stocks are facing a 'perfect storm' as competition ramps up and the era of cheap debt-fueled growth comes to an end, Bank of America says

This year is shaping up to be a reckoning for high-flying growth stocks, which are staring at a “perfect storm” of factors that will eat into their performance, according to Bank of America. In a note on Monday, BofA analysts wrote that stiffer competition and higher borrowing costs as the Federal …


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