Tech Stocks Face Double Headwind: China Exposure and Earnings Season Risk
Tech is getting hit from two directions at once, and the data suggest investors aren't done repositioning.
The XLK Technology Select Sector ETF fell 0.53% on August 6, with QQQ underperforming the broader S&P 500 by 70 basis points: QQQ -0.90% versus SPY -0.20%. XLK sits 6.5% below its 52-week high of $198.73. That divergence reflects two distinct risks converging in the same week: renewed US-China trade friction and a heavy earnings calendar that leaves little room for disappointment.
The China Exposure Problem A US government warning flagging Apple's Greater China operations put the sector's geopolitical risk premium back on the table. Apple derives approximately 17% of its revenue from Grea…
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