Implications and Outlook
The Nasdaq has elevated the focal point on Wall Street once again, as the technology benchmark continuously guide the selloff in technology securities. The Nasdaq index hit a 2-month low on Monday trading session, sinking below previous week’s low price.
Even though the fear-index remains to be below the 20 level, which happens to be in line-in-the-sand scenario, the action of the VIX index has changed significantly, even though Monday’s US bank holiday likely resulted in the wild market swings, this order of Stages 2 and 3 is one thing to keep a watchful eye on in the coming week(s).
The Nasdaq has elevated the focal point on Wall Street once again, as the technology benchmark continuously guide the selloff in technology securities. The Nasdaq index hit a 2-month low on Monday trading session, sinking below previous week’s low price.
Even though the fear-index remains to be below the 20 level, which happens to be in line-in-the-sand scenario, the action of the VIX index has changed significantly, even though Monday’s US bank holiday likely resulted in the wild market swings, this order of Stages 2 and 3 is one thing to keep a watchful eye on in the coming week(s).