Technology stocks suffered a circa 30 % fall on average since November 2021.
They recovered quite bit of the lost ground however.
Big investment banks like Morgan Stanley are predicting a fall of 26 % for the Standard and Poor's 500 index in the next few months.
Actually, only by raising the interest rates levels mainly driven by Federal Reserve federal funds rate hikes I doubt the Nasdaq Composite will suffer a 60 % fall like in the dot com boom and subsequent bust.
According to my opinion, only when around 5 trillion USD of the 10 trillion USD of excess liquidity, aka the 10 trillion USD created, printed by central banks is withdrawn, market participants can witness a fall of the major indices of 50 % + from their recent highs.
It is not easy to be in the place of the leaders of global central banks.
Times are interesting, without a doubt.
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