The Nasdaq 100 is away more than 6% from its best level of the year

North America’s technological selectivity remains the indicator that it behaves better on its course on the other side of the Atlantic. Investors remain confident in stocks of what’s to come, despite deeper cuts in recent weeks looming over the index and its values.

The NASDAQ 100 index lost the strong and symbolic level of 12,000 points at the end of last weekbut clearly recovered it after Monday’s close. But whatever your dynamics are on that first day of the week’s work, The truth is, the annual sale continues to spread like a big red spot Among the worst performances for some stocks, as in the case of Moderna, so far this year.

Although they also offset each other, at the top of the table with that particular war that both Warner Bros. and Warner Bros. maintains. Discovery and Tesla with profits in both cases exceeding 60% in their annual run, Although the latter, which is in decline, lost its throne last week.

All this while the third party in contention, in this case NVIDIA joins the party of the 60% about to achieve that level, After reading the results. Now the market seems to be focusing entirely on artificial intelligence and its future possibilities.

This is the panorama, in terms of the values ​​offered by technological eclecticism which, compared to what has happened so far, Fears of raising new interest rates and their economic impactBy recession, investors didn’t read it.

Added to the negative economic data is sentiment of the same magnitude and fundamental, Dye the index red: two of the last three weeks closed with losses, While its returns were recorded, among their best levels for this year, during the day of February 2 at 12,880 points, by more than 6%.

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Not only is it a general negative feeling. There are also sector specific themes. From UBS, for example, they consider that there will be no room for restoring the values ​​of technology and innovation in the American market and possibly in the global sphere. His analyst Vincent Heaney thinks the rally will stall.

It highlights that “global technology sector earnings growth will slow further, With potential steady growth in 2023 amid limited consumer demand and deteriorating business expectations. We continue to see less favorable stocks in the tech sector in general, particularly in the US.”

In the price chart, we see that the Nasdaq 100 is down 1.7% in the past week, despite yesterday’s rebound, with a monthly gain of close to 2%. Positive in the quarterly range, with a progression of over 4.9% and, On the year it is fighting back in increments of 11%, with the best performer among the Wall Street greats.

The impact of bond yields runs deep, they point out from eToro, as a warning of the dynamics in action. Their comments are based on procedural dynamics that begin to look more unstable, Perhaps at its worst moment so far this year, at least in terms of weakness, with markets most vulnerable to non-negative news. They expect fixed income returns not to correct anytime soon.

From JPMorgan, the strategist Marko Kolanovic highlighted these days on CNBC that there may be a new short-term cut of 5% in the US markets, while Experimental high tech stocks can drop 5-10% in the market.

According to the Fuerza Premium Indices prepared by Estrategias de Inversión, the Nasdaq 100 index is turning from weak to very weak, with its view of the medium term in which it appears technically strong and the long term very weak, in the process of which they point out that it remains on the sidelines due to the risk of a breach of resistance pseudo in pointer.

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