“When markets sell off like certain areas in tech have, there’s often knee-jerk rallies,” said Sameer Samana at Wells Fargo Investment Institute. The team led by Michael Wilson said revenue growth expectations for the biggest tech stocks have reached “multi-decade highs,” while valuations have declined after recent market volatility. We maintain our June 2026 and December 2026 S&P 500 price targets of 7,300 and 7,700.”The gauge closed at 6,964.82 Monday. He noted that an area like consumer staples that has done so well this year is quite “overbought” while non-software tech stocks remain “very crowded” not only with institutional investors but retail as well. “We’re watching whether early-year price pressures will be contained after strong core inflation in January,” said BlackRock Investment Institute strategists.

Source: The Edge Markets February 09, 2026 21:56 UTC