{"id":77831,"date":"2026-02-05T20:19:49","date_gmt":"2026-02-05T23:19:49","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/889797517"},"modified":"2026-02-05T20:19:49","modified_gmt":"2026-02-05T23:19:49","slug":"tech-stocks-are-selling-off-but-advisors-are-keeping-their-eyes-fixed-firmly-on-the-horizon","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/05\/tech-stocks-are-selling-off-but-advisors-are-keeping-their-eyes-fixed-firmly-on-the-horizon\/","title":{"rendered":"Tech stocks are selling off, but advisors are keeping their eyes fixed firmly on the horizon"},"content":{"rendered":"
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We\u2019ve been through these \u201cups and downs\u201d before, says Eric Taylor, president of wealth management firm Tompkins Financial Advisors. <\/p>\n

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Advisors are navigating a rough week for the tech sector, which has seen stocks plunge as fears about AI\u2019s impact send shockwaves through the market.  <\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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The software sector has taken a particular pummeling, and shares of Google parent Alphabet Inc. (Ticker: GOOG) are also taking a hit Thursday after the tech giant projected significant capital expenditure growth in 2026 that exceeded Wall Street\u2019s expectations.<\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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Set against this backdrop, key indexes such as the S&P 500 and the Nasdaq have tumbled. Such is the scale of the selloff that Bloomberg has characterized<\/a> the week\u2019s events as a trillion-dollar tech wipeout. <\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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Further adding to the gloom, payroll processing company ADP pointed to a lackluster hiring market<\/a> in its latest private sector employment report.<\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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But advisors<\/a>, and their clients, are looking far beyond this week\u2019s turmoil. Eric Taylor, president of wealth management firm Tompkins Financial Advisors, told InvestmentNews<\/i> that the tech selloff has prompted some clients to get in touch. \u201cCertainly, we have clients asking about it, but that would be the minority,\u201d he said. \u201cThe majority have been through these ups and downs.\u201d<\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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In a similar vein, Taylor said that his company\u2019s strategy is built around clients\u2019 long-term needs, as opposed to a specific event, such as this week\u2019s tech upheaval. \u201cWe tend to be much more longer term in nature, really trying to work with clients on their planning needs with are longer term,\u201d he said. <\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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Nonetheless, technology stocks have clearly been feeling the pressure. The Dow Jones U.S. Technology Index<\/a> is down more than 3% this month and the NASDAQ<\/a>-100 Technology Sector Index is down around 6%.<\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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Jeff Krumpelman, chief investment strategist and head of equities at Mariner<\/a> told InvestmentNews that the pullback in technology is not surprising at all. Rather, it is in sync with what he describes as RAD, or 2026 as the year of \u201cRisk Awareness and Diversification 2.0.\u201d<\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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Krumpelman notes that, in the final months of 2025, it was healthcare, industrials, and financials that outperformed and led, not technology, and Mag 7 stocks have underperformed from Fall 2025 through the present. \u201cThis year Energy has joined this pack in broadening leadership,\u201d he added. <\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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\u201cIt’s not that we are negative on technology; we think Mag 7 and tech will still perform solidly in an absolute sense through the full year, yet some of these other sectors will catch up a bit and perhaps show better performance in a relative sense,\u201d he added. \u201cIn other words, our message is to embrace RAD this year.\u201d<\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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Mariner is researching how to best rebalance within its tech holdings, according to Krumpelman. It’s been the semiconductor, hardware companies and hyperscalers that have led the past several years in this AI surge while software companies have bled,\u201d he said. \u201cThis will shift; software companies will also benefit from AI, particularly as they shift from a seat-based to a query or transaction based agentic model in pricing.\u201d<\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… term,\u00e2\u0080\u009d he said. Nonetheless, technology<\/span> stocks have clearly been feeling … InvestmentNews that the pullback in technology<\/span> is not surprising at … outperformed and led, not technology<\/span>, and Mag 7 stocks … negative on technology<\/span>; we think Mag 7 and tech<\/span> will still …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-77831","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/77831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=77831"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/77831\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=77831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=77831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=77831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}