{"id":56924,"date":"2022-05-09T08:00:56","date_gmt":"2022-05-09T12:00:56","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=56924"},"modified":"2022-05-06T22:30:25","modified_gmt":"2022-05-07T02:30:25","slug":"the-truth-behind-the-tech-selloff","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/","title":{"rendered":"The Truth Behind The Tech Selloff"},"content":{"rendered":"

There\u2019s no doubt about it: Tech stocks have taken it on the chin lately. In fact, the tech sector (NASDAQ)<\/a> is down 22% since the beginning of the year. That\u2019s a terrible start to the year, no matter how you slice it.<\/p>\n

And inside tech, there\u2019s nowhere to hide. Even the biggest and brightest are getting hammered. See for yourself:<\/p>\n

\"Tech\"<\/a>
\n

Source<\/a><\/em><\/center><\/small><\/p>\n

This chart shows the year-to-date performance of the stars of tech, the so-called FAANG stocks. The acronym stands for the five prominent players in tech, including Meta (FB)<\/a>, Amazon (AMZN)<\/a>, Apple (AAPL)<\/a>, Netflix (NFLX)<\/a>, and Alphabet (GOOG)<\/a>. Included in the chart is also the performance of the NASDAQ. (Apple was originally excluded from the FAANG club but was added in 2017).<\/p>\n

The details are gruesome. Since the beginning of the year, Meta is down 39%, Amazon is down 29%, Apple is down 15%, Netflix is down 67%, and Alphabet is down 20%. All told, those are bone-crushingly bad numbers.<\/p>\n

Here\u2019s Why Tech is Getting Hammered<\/h2>\n

So what\u2019s up with tech?<\/p>\n

There are a couple of factors at play here. Drilling into tech itself, the sector is coming off a nice run since the lows of the pandemic and is now getting sold. <\/p>\n

Here\u2019s what I mean: After the initial shock of dealing with the pandemic, consumers and businesses alike adapted and began buying. And tech was a big beneficiary of that significant adaptation in spending. In fact, if we recalibrate the above chart to begin in 2020 and end in December of last year, the tech story is bullish. <\/p>\n

\"Tech\"<\/a>
\n

Source<\/a><\/em><\/center><\/small><\/p>\n

As you can see from this recalibrated chart of the tech (NASDAQ)<\/a> and the FAANG stocks, between 2020 and 2021 if you were involved with tech in general, and any of the FAANG stocks in particular, you were sitting pretty. In fact, the gains for the period ranged from around 50% to over 120%. Not too bad for a couple of years\u2019 work.<\/p>\n

But the party didn\u2019t last forever. Hence, the recent selloff.<\/p>\n

There\u2019s another reason for the selloff in tech: Investors are trying to figure out how to price these big tech companies with streaming services components. In the past, investors enjoyed the steady march of higher subscriber numbers and easily deepening market share. Now there are more streaming vendors in the marketplace, and the pioneers are beginning to feel the market share pain. The recent selloffs in Netflix (NFLX)<\/a> and Disney (DIS)<\/a> are just two streaming-driven disasters that come to mind. And while this streaming shake-out is not surprising, just about every maturing market goes through it; it's likely not over. In fact, until investors decide on how they\u2019ll value this part of the sector, it\u2019s going to be a rough go.<\/p>\n

Another reason investors are hammering tech is that technology companies are still widely viewed as a risk-on play. That means that in exchange for higher growth rates and escalation in share prices, investors are willing to swallow more risk. Hence the term \u201crisk on.\u201d And so long as investors feel secure in the way the markets and the economy are behaving, they\u2019ll happily make this risk on the trade, accepting the higher share prices for more risk. <\/p>\n

But right now, investors are worried that the markets and the economy are not going as swimmingly as they once were. And because of that, they\u2019re selling their risk on assets and keeping those with lower risk profiles. <\/p>\n

So, what\u2019s causing investors to be so worried? You can take your pick. As I talked about in my inflation issue<\/a><\/strong> last month, the convergence of supply chain problems and covid issues in China, among others, are causing record-breaking inflation. And that higher inflation means that investors are paying more for what they need to conduct their lives and businesses. And because inflation is so dramatic right now, that has them worried.<\/p>\n

Another huge factor: Tech is getting swept up in the selloff in stocks in general. In fact, if you add a chart of stocks (SPX)<\/a> to the year-to-date chart of tech (NASDAQ)<\/a> and the FAANG stocks, you\u2019ll clearly see that stocks have been sold off since the beginning of the year along with just about everything else. <\/p>\n

Also at play: A growing fear of a recession and the war in Ukraine. And while geopolitical forces tend to work themselves out over time, right now, we\u2019re in the midst of it. And as a result, investors are selling.<\/p>\n

Here\u2019s What to Do<\/h2>\n

So, what are we to do? Well, here\u2019s what I do: Provided I\u2019ve followed my golden rule and bought good companies in solid markets that have strong upside (my golden rule), I wouldn\u2019t be liquidating any positions. Eventually, good companies with strong fundamentals will win out. That said, I also wouldn\u2019t be adding any new positions right now or adding to existing ones. The outlook is simply too uncertain.<\/p>\n

And as far as crypto is concerned, I\u2019d stay the course as well if I\u2019ve bought the leaders like Bitcoin (BTC)<\/a><\/strong> and Ethereum (ETH)<\/a><\/strong>. But here as well I wouldn\u2019t be adding any new positions. And like always, I wouldn\u2019t devote any more than 1% to 2% of my portfolio to crypto.<\/p>\n

Wayne Burritt<\/a>
\nINO.com Contributor<\/p>\n

Disclosure: This contributor may own cryptocurrencies mentioned in this article. This article is the opinion of the contributor themselves. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. This contributor is not receiving compensation (other than from INO.com) for their opinion.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

There\u2019s no doubt about it: Tech stocks have taken it on the chin lately. In fact, the tech sector (NASDAQ) is down 22% since the beginning of the year. That\u2019s a terrible start to the year, no matter how you slice it. And inside tech, there\u2019s nowhere to hide. Even the biggest and brightest are […]<\/p>\n","protected":false},"author":34,"featured_media":56926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6920],"tags":[14379,31643,4448,6385],"class_list":["post-56924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ino-com-contributors","tag-bitcoin-bitstampusd","tag-ethereum-ethusdbit","tag-tech-sector","tag-wayne-burritt"],"yoast_head":"\nThe Truth Behind The Tech Selloff - INO.com Trader's Blog<\/title>\n<meta name=\"description\" content=\"There\u2019s no doubt about it: Tech stocks have taken it on the chin lately. But why has the once almighty sector come under selling pressure?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Truth Behind The Tech Selloff - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"There\u2019s no doubt about it: Tech stocks have taken it on the chin lately. But why has the once almighty sector come under selling pressure?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader's Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T12:00:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-07T02:30:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2022\/05\/Red-Stock-Market.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wayne Burritt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wayne Burritt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/\"},\"author\":{\"name\":\"Wayne Burritt\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/6cb9269f45e36c3420c04a73e0eae887\"},\"headline\":\"The Truth Behind The Tech Selloff\",\"datePublished\":\"2022-05-09T12:00:56+00:00\",\"dateModified\":\"2022-05-07T02:30:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/\"},\"wordCount\":938,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/05\/Red-Stock-Market.jpg\",\"keywords\":[\"Bitcoin (BITSTAMPUSD)\",\"Ethereum (ETHUSDBIT)\",\"tech sector\",\"Wayne Burritt\"],\"articleSection\":[\"INO.com Contributors\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/\",\"name\":\"The Truth Behind The Tech Selloff - INO.com Trader's Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/05\/Red-Stock-Market.jpg\",\"datePublished\":\"2022-05-09T12:00:56+00:00\",\"dateModified\":\"2022-05-07T02:30:25+00:00\",\"description\":\"There\u2019s no doubt about it: Tech stocks have taken it on the chin lately. But why has the once almighty sector come under selling pressure?\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#primaryimage\",\"url\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/05\/Red-Stock-Market.jpg\",\"contentUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/05\/Red-Stock-Market.jpg\",\"width\":1200,\"height\":628,\"caption\":\"Tech Sell Off\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader's Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader's Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader's Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/6cb9269f45e36c3420c04a73e0eae887\",\"name\":\"Wayne Burritt\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8c1a5e147cc78c45fb4f25e0f3fdace5?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8c1a5e147cc78c45fb4f25e0f3fdace5?s=96&d=identicon&r=pg\",\"caption\":\"Wayne Burritt\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/wayne-burritt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Truth Behind The Tech Selloff - INO.com Trader's Blog","description":"There\u2019s no doubt about it: Tech stocks have taken it on the chin lately. But why has the once almighty sector come under selling pressure?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/","og_locale":"en_US","og_type":"article","og_title":"The Truth Behind The Tech Selloff - INO.com Trader's Blog","og_description":"There\u2019s no doubt about it: Tech stocks have taken it on the chin lately. But why has the once almighty sector come under selling pressure?","og_url":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/","og_site_name":"INO.com Trader's Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2022-05-09T12:00:56+00:00","article_modified_time":"2022-05-07T02:30:25+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2022\/05\/Red-Stock-Market.jpg","type":"image\/jpeg"}],"author":"Wayne Burritt","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Wayne Burritt","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/"},"author":{"name":"Wayne Burritt","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/6cb9269f45e36c3420c04a73e0eae887"},"headline":"The Truth Behind The Tech Selloff","datePublished":"2022-05-09T12:00:56+00:00","dateModified":"2022-05-07T02:30:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/"},"wordCount":938,"commentCount":0,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/05\/Red-Stock-Market.jpg","keywords":["Bitcoin (BITSTAMPUSD)","Ethereum (ETHUSDBIT)","tech sector","Wayne Burritt"],"articleSection":["INO.com Contributors"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/","url":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/","name":"The Truth Behind The Tech Selloff - INO.com Trader's Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#primaryimage"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/05\/Red-Stock-Market.jpg","datePublished":"2022-05-09T12:00:56+00:00","dateModified":"2022-05-07T02:30:25+00:00","description":"There\u2019s no doubt about it: Tech stocks have taken it on the chin lately. But why has the once almighty sector come under selling pressure?","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/2022\/05\/the-truth-behind-the-tech-selloff\/#primaryimage","url":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/05\/Red-Stock-Market.jpg","contentUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/05\/Red-Stock-Market.jpg","width":1200,"height":628,"caption":"Tech Sell Off"},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader's Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader's Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader's Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/6cb9269f45e36c3420c04a73e0eae887","name":"Wayne Burritt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8c1a5e147cc78c45fb4f25e0f3fdace5?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8c1a5e147cc78c45fb4f25e0f3fdace5?s=96&d=identicon&r=pg","caption":"Wayne Burritt"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/wayne-burritt\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/56924"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=56924"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/56924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media\/56926"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=56924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=56924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=56924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}