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📉 Software sector under heavy pressure
Sector Technology – Software is currently taking a solid hit and most well-known names have dropped by tens of percent:
👉 And it's not just these big players — for example Duolingo ($DUOL) is about -45% year-to-date and is at the lowest levels since 2023.
👉 What's behind this?
- higher interest rates → pressure on growth stock valuations
-...
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I opened a position in $CRM. I believe some companies don’t need to be afraid and will show their dominance and strong numbers in the upcoming results, which will reassure investors that those drops were unwarranted. I’ve also been eyeing shares of $FICO for a while.