US EditionA Potential Turnaround in the Nasdaq 100: Weak Market Breadth and Rising Treasury Yields Raise Concerns
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A Potential Turnaround in the Nasdaq 100: Weak Market Breadth and Rising Treasury Yields Raise Concerns
Jonathan Krinsky, a technical strategist at BTIG, believes that the relentless rally in U.S. technology stocks may be on the verge of a reversal. Despite the Nasdaq 100’s impressive streak of 198 trading days without a 2.5% or worse daily percentage decline, Krinsky points out that the current market breadth remains narrow compared to 2013, which had a similar streak. Krinsky analyzes the market breadth using the Nasdaq Composite, where he obse…
·Elkader, United States
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