Beware of the technology sector

The investor who ruled the world's largest technology fund during the "technological boom", again warned investors to keep themselves from the technology sector at the moment.
Paul Meeks, managing director of Sloy, Dahl & Holst, predicted that a new turbulence approaching the markets, given the rising asset prices.
Because they are so volatile and high beta, in correction, they will not adjust just by 2%. They will be down 20%, Meeks commented before the CNBC financial magazine at the end of last week.
This does not mean that Meeks abandons technology companies. The investor who holds in his portfolio shares of Apple and other technology companies believes that the sector is strong.
According to him, he has been watching the technology industry for a long time, and he claims that the foundation behind technology companies and compared to the other 10 sectors of the broad index is stronger than ever.
The expert's warning became a reality in celebrating new historical records for the Nasdaq technology company index, which rose by more than 7 percent from its bottom, with the February correction.
Facebook's is the top company in the FANG group according to the expert, as well as chip makers.