The S&P 500 is down more than 10% since the beginning of the year, putting it into “correction” territory. The NASDAQ is down almost 15%, but the carnage among growth technology stocks is concealed by the relative outperformance of the trillion-dollar “Big Tech” behemoths. Recently, high-flying tech stocks like CloudFlare, DocuSign, Shopify, Twilio and Zoom are all down over 50% from their highs last year. The seamier end of the investment playground — including meme stocks, speculative cryptos and SPACs — has been crushed. Growth stocks — which emphasize revenue now, profits TBD — are very sensitive to interest rates. Days… Read More