AppFolio: Broken Momentum Amid High Multiples (Rating Downgrade)

Market Overview - Recent market shocks indicate that stocks were overvalued and susceptible to correction upon negative news [1] Analyst Background - Gary Alexander has extensive experience in technology sectors, both on Wall Street and in Silicon Valley, and has advised seed-round startups [1] - He has been contributing to Seeking Alpha since 2017 and is frequently quoted in various web publications [1] Investment Insights - The article emphasizes the importance of monitoring market sentiment and valuation levels, particularly in the technology sector [1]