Looking for another leg down in equities: looking for retest of the 2020 March lows at the VERY least.
So far into the crisis, the NASDAQ has substantially outperformed the S&P which (no surprise with the news and market psychology being Coronavirus-focused: far less bearish for tech). Markets are largely driven by psychology, and, investor/trader psychology has started a major process of evolving from Coronavirus-focused to economy-focused: this flipping is bearish for both equities broadly (dire economic outlook not yet priced in), and is particularly bearish for the NASDAQ which is somewhat immune to a work from home economy but is not immune to a recession or depression economy.
So far into the crisis, the NASDAQ has substantially outperformed the S&P which (no surprise with the news and market psychology being Coronavirus-focused: far less bearish for tech). Markets are largely driven by psychology, and, investor/trader psychology has started a major process of evolving from Coronavirus-focused to economy-focused: this flipping is bearish for both equities broadly (dire economic outlook not yet priced in), and is particularly bearish for the NASDAQ which is somewhat immune to a work from home economy but is not immune to a recession or depression economy.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.