Bloomberg Intelligence's 'Equity Market Minute' 11/17/2022

Gina Martin Adams discusses the significant derating of tech stocks in 2022, highlighting their high valuations compared to the S&P 500. Despite a 24% premium, tech stocks are overvalued given current interest rates and earnings trends. The tech sector is experiencing earnings declines and is expected to underperform the S&P 500 until mid-2023.

What factors are contributing to the derating of tech stocks in 2022?

How does the valuation of tech stocks compare to the S&P 500?

What is the significance of the 24% premium mentioned in the text?

What trends are observed in the earnings of the tech sector compared to the S&P 500?

What is the expected performance of tech sector earnings through the middle of 2023?