Nasdaq drops nearly 2% as pain lingers


Here is the big question:

Do we anticipate Fed hikes to 3.5%, a slowdown in growth and then a return to normal in 2019?

Or are we planning to move to a high inflation regime where Fed rates will remain consistently high?

We won’t get an answer anytime soon, but it’s now widely accepted that we were in a bursting tech bubble. Given that tech companies are still trading at high multiples, we are not at the bottom yet. Although we continue to reach oversold levels, the chances of a rebound are increasing.


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