Piper Sandler's Johnson Expects a Deeper Pullback in Tech Stocks

The video discusses the current state of the market, highlighting a potential deeper correction due to overvaluation and negative earnings trends. The coronavirus is identified as a trigger for recent market sell-offs. The discussion includes analysis of valuation metrics like the forward PE ratio and the need for earnings improvement to meet year-end price objectives.

What percentage decline did the NASDAQ experience recently?

What event triggered the sell-off and profit-taking in the market?

What is the expected pullback level for the S&P 500 according to the speaker?

What does the speaker suggest about the current market valuations?

What is the year-end price objective mentioned by the speaker?