Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market Forecast
2021-02-23 21:30:00
Peter Hanks,
Strategist
Nasdaq 100 & Dow Jones Price Outlook:
Rising Treasury yields have begun to undermine the Nasdaq 100 and Dow Jones
While both indices face headwinds, the Nasdaq 100 appears particularly vulnerable
Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market Forecast
The Nasdaq 100 and Dow Jones have continued lower this week as rising Treasury yields give investors a reason to consider exposure elsewhere. That said, the longer-term equity outlook remains encouraging as inflationary pressures and rising yields are underpinned by expectations of a strong US economy. Nevertheless, equity weakness may persist in the coming days as investors ponder portfolio allocations amid the shifting market environment and the Nasdaq 100 appears exceedingly vulnerable.