Valuation Is a Scapegoat. Don’t Blame It for the Market Selloff Tuesday.

1. S&P 500 fell 1.1%; selloff linked to profit-taking, not valuations. 2. Current tech rally is supported by profitability, unlike the dot-com bubble. 3. S&P 500 at 22.3 times expected 2026 earnings; tech sector near 30 times. 4. Continuing AI trade interest suggests tech confidence persists despite brief downturn. 5. Market corrections are normal; tech underperformance may continue short-term.