Elon Musk and Cathie Wood are almost right about the Fed

wsj

4 min read . Updated: 29 Dec 2022, 07:48 PM IST LAURA FORMAN, The Wall Street Journal

Tesla and SpaceX Chief Executive Officer Elon Musk. (AP) — Tesla and SpaceX Chief Executive Officer Elon Musk. (AP)

The two are correct in that higher rates are dragging down tech, but that is hardly the whole story

Some of tech’s biggest losers this year, including Elon Musk and Cathie Wood, haven’t exactly been poster children of successful investing lately. But, especially as tech stocks are starting to look pretty cheap, investors might want to heed at least some of their advice.