The tech bubble was only two sectors (tech/telecom), NOT EVERYTHING.

BULLARD: "NOT SEEING RISK ON SCALE OF TECH BUBBLE"

The tech bubble was only two sectors (tech/telecom), NOT EVERYTHING. @EricRosengren @marydalyecon @RaphaelBostic @neelkashkari @RobSKaplan @steveliesman @michaelsderby @NickTimiraos

New IMF Fin'l Stability rept. Who is #1? pic.twitter.com/q0EKkkvWdJ

— M/I_Investments (@MI_Investments) June 25, 2020

Leading into yesterday’s weakness, big tech had started to look increasingly stretched relative to its 200-DMA—reaching similar levels as January 2018 before short-vol implosion & February 2020 before bear market @Bloomberg
[Past performance is no guarantee of future results] pic.twitter.com/Y5CSvqUhtp

— Liz Ann Sonders (@LizAnnSonders) June 25, 2020

🇺🇸 The share of #Nasdaq Composite Index members trading above their 50-day moving average has fallen from a peak reached June 8, two weeks before the #tech-heavy gauge hit its all-time high on June 23 – Bloomberg pic.twitter.com/jiRazebLWk

— Christophe Barraud🛢 (@C_Barraud) June 25, 2020

Valuation multiples (deceptively lower than they really are due to the massive debt bubble of the last 11 yrs in both US and China which fueled above avg profits for corporations, far above what organic consumer spending c/h produced) pic.twitter.com/dTPlG0GdmB

— M/I_Investments (@MI_Investments) June 25, 2020