The Next Step For Nasdaq Which Reached The Record!

The Next Step For Nasdaq Which Reached The Record!

According to the experienced names of the market, the cooling period in Nasdaq may come in the coming weeks. As COVID-19 is on the headline pages, there will be no trigger point for sales avalanches in the market as in March. On the contrary, the sector is on the verge of overvaluation with respect to future earning potential. In turn, portfolio managers can profit from these tech giants and turn from the lowest levels of March to more attractive and valuable small bonds or stocks of value. “I am not saying that Nasdaq peaked and collapsed,” said Capital Founder of Heritage Capital, Paul Schatz. ''I think Nasdaq's relative performance peaked this quarter. Maybe Nasdaq or Dow peaks compensate for other indices.''. Wall Street has been completely fixed on technology giant Nasdaq in recent weeks. Nasdaq rose 32% more on COVID-19 quarantine period, as demand for home services was withdrawn now. About 7% of this increase came last month and was supported by major technology names such as Amazon (AMZN), Microsoft (MSFT) and Google (GOOG).