Clearly the Ukraine – Russia situation is deeply troubling, and pushing global markets across asset classes and sectors around in various ways (mostly downwards, by a lot – though my broad commodities ETFs are experiencing some serious Schadenfreude). Plus inflation in US, UK and elsewhere and what looks like the start of a period of rate rises doing apparently being priced in.
Nonetheless, although of course the NASDAQ 100 is affected by three macro pressures, it’s down 18.3% YTD vs S&P -11.9%; DJIA -9.4%. For these major indices, that 6.5-8.5% gap seems like a pretty wide spread over just a couple of months.
Tech prices are going through a challenging period – seemingly disproportionately when compared with the significant difficulty the world markets are experiencing. My Vietnam investment trust has dropped a couple of percent; my Saudi ETF hasn’t changed much; my Nordic and European ETFs have tanked – but only relatively recently, which is clearly due to their being hugely impacted by the trouble in Ukraine; and even then, still not be as much as the NASDAQ.
Does anyone have some insight on what might be happening here with NASDAQ and big tech, and why – and what we might be seeing in the short term? Beyond Meta crapping out – that I’m aware of and can understand 🙂
Thank you all
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