Tech valuations 'hit a wall' after recent earnings, according to Jefferies

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· *Tech valuations have "hit a wall" after recent earnings, Jefferies analyst Brent Thill wrote in a Monday note. *
· *That means that in the near term, investors should be patient and "take a mini time out," according to the note. *
· *Still, fundamentals in the sector remain strong, and will drive growth going...