Posted 10/10/2023, 6:57:49 PM
Bank of England Cautions Tech Stocks May Be Overvalued Amid Economic Uncertainty
- Bank of England warns U.S. tech stock valuations may be inflated given higher rates and economic uncertainty
- BoE says "stretched" valuations raise likelihood of greater correction if growth slows
- Microsoft, Alphabet, Nvidia trade at sharp premium to S&P 500 despite rate hikes
- U.S. tech sector strength continues to compress risk premia, BoE says
- Central bankers typically avoid commenting on specific asset prices
