Tech sell-off isn't over because investors are not scared enough yet, MKM says

FAANG stocks displayed at the Nasdaq.
Adam Jeffery | CNBC

The sharp sell-off in technology stocks could continue as sentiment in the high-flying names has room to become even more downbeat, MKM Partners strategist JC O'Hara said.

Shares of Facebook, Amazon, Apple, Netflix and Google-parent Alphabet are all down at least 9.9% for September. Apple and Facebook, specifically, have plunged more than 16% over that time period. Those steep declines come amid valuation concerns for the best-performing group on Wall Street since the market's late-March rebound.

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