Stop chasing the rally in tech stocks because high interest rates and weak earnings are coming to bite, says a top BlackRock iShares strategist

• Investors should stop chasing the rally in tech stocks as chances of the Fed softening its rates policy are slim, according to a top BlackRock iShares strategist.
• "The tech sector is particularly sensitive to rates and so we expect these recent gains to be transitory," Gargi Chaudhuri said. 
• She also warned high inflation and weak earnings estimates in the tech sector could drag on stocks.

Investors should take their profits on tech stocks and exit the sector as earnings prospects grow dim and the Federal Reserve may dash market hopes of a softer interest-rate policy, according to a top BlackRock strategist.