High-growth technology stocks are having a terrible day on Monday with, some down over 20%. President Joe Biden announced he will nominate Jerome Powell for his second term as chair of the Federal Reserve and some parts of the market are reacting extremely quickly. 1. ✅$100 OFF SALE NEW LPP 2.0: https://bit.ly/LPP100OFFF 2. 📈#1 Trading Mousepad: https://shoptechbuds.com/ ● FOLLOW ME ON INSTAGRAM! 3.📸 Ricky's Insta: https://www.instagram.com/rickygutierrezz/ For those who are interested in Trading & Investing, I encourage you to join Our Free Trading Group of over 300,000! Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me. The Stock Market falling/ crashing can be a scary thing when you are not informed on how to make money during a stock market crash! The corona virus isn't getting any better and opportunity is among us, let's take time to inform ourselves and make the most of this opportunity! If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Real Estate, Car Sales, Robinhood, TD Ameritrade, Crypto & bitcoin, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know. DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success. The headline news is rising interest rates. It's widely believed that Powell continuing to head the Federal Reserve means short-term interest rates will move higher sometime in 2022, which traders of long-term bonds are getting ahead of. The reason these three stocks are reacting so violently is because they're all highly valued by any measure. You can see below that Cloudflare's price-to-sales ratio is over 100 while Asana and Fiverr are both well above the S&P 500's average price-to-sales ratio of 3.2 times. There's nothing fundamentally wrong with any of these companies today and that's what we should remember as investors. The market is just pricing the future cash flows expected from each stock to be lower, which has a dramatic impact on a stock if most cash flow is expected many years in the future. Stock market news live updates: Stocks mixed, Nasdaq pulls back after Biden nominates Powell for Federal Reserve chair

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