Investors were 'pricing into infinity' the work-from-home trade: Investor

CNBC's Kelly Evans discusses the outlook for the U.S. economy as the market sees a sell-off in tech stocks with Gina Sanchez of Chantico Global and Michael Schumacher of Wells Fargo Securities. We had very stretched valuations, says Sanchez, and stocks were priced accordingly. That made them vulnerable to any kind of a pullback. The energy sector is telling us we're doubting a strong recovery, Sanchez says. It's probably going to be a very long and drawn out recovery.
Tue, Sep 8 20201:18 PM EDT