Tech volatility to stay for summer

The recent market correction, while unnerving and unsettling to even the most seasoned investor, is not unique. Sometimes markets fall for fundamental reasons and at other times because of a collapse in investor psychology. We believe the latest setback was driven by a sea change in psychology. Fortunately sentiment can rebound much faster than deteriorating fundamentals. Overall, the fundamentals continue to look good with the key drivers: extraordinary productivity, low inflation, strong corporate profits and strong demographics, still very much in force. While inflation has ticked up...