It’s been a demanding October for technology.
A selloff triggered by rising rates of interest after the mega-cap FAANG gang led the total market higher for many of 2018 and an escalating trade war hit the leaders of tech especially hard.
With two weeks to go in the month, the Nasdaq Composite has fallen 13%. Apple is down 7 percent, Facebook down 12%, Alphabet down 15 percent, Amazon down 23%, and Netflix down 25%.
There are a variety of reasons for the sudden slump…