Hedge fund manager Dan Niles sees more pain in tech — and reveals an opportunity in the sector

Exclusively for CNBC Pro Subscribers: See what opportunities exist in this bear market

VIEW IN BROWSER | SUBSCRIBE MY ACCOUNT Why We Are Still in a Bear Market? Dan Niles Explains. Hedge fund manager Dan Niles believes U.S stocks are in a bear market and could still see further volatility ahead — and he isn't the only one. U.S. stocks have endured a torrid sell-off this year amid a troubling macro backdrop and an increasingly negative corporate outlook.   Even as the S&P 500 rallied last Friday to snap a seven-week losing streak, Niles believes the rebound is "nothing but a bear market rally."   Steep losses across the indices led many market watchers to believe the sell-off has presented an opportunity to buy the dip. However, Niles still sees more pain ahead for tech stocks with the exception of one group.    Subscribe to read the latest from CNBC Pro to see how Dan Niles plans to trade this bear market. Subscribe Now Here are more of today's top stories, exclusive for CNBC Pro subscribers!   Dan Niles sees more pain in tech — and reveals an opportunity in the sector THU, JUNE 02 2022   Here are Friday's biggest analyst calls of the day: Tesla, Apple, Snowflake, Exxon, Micron & more FRI, JUNE 03 2022   Santoli: Stocks brush off Fed worries and Microsoft concerns, but the rally may soon face a test THU, JUNE 02 2022   The Dow is attempting a rebound, and here are Wall Street's favorite picks to play it THU, JUNE 02 2022   These stocks are leading the bear market bounce and may have further to run FRI, JUNE 03 2022   These defensive stocks can protect your portfolio from stagflation, Jefferies says THU, JUNE 02 2022 Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS