So can someone explain this to me? Im asking a genuine question here.
We have known for months this was going to happen.
We have been told for weeks that there is inflationary pressure that is directly due to the recovery and the US stimulus. That interest rates would rise and cost of borrowing would be a burden to tech stocks.
We have been told people were moving to tech stocks during Covid and that was driving the demand but are now bailing to other sectors as we come out of covid and companies recover.
Ive seen this on repeat in local finance news and global services such as on on the Bloomberg channel.
So the Nasdaq falls.
Then yesterday the relief is passed and somehow the Nasdaq bounces a massive amount and tech investors have amnesia........ WTF?
Believe me want to see Z1P appreciate. Im a holder. Im saying im confused by the Nasdaq conflicting response. Especially where the 10Y rate rose another 1.5% on Friday.
Can one of the better minds explain this with a sensible economic answer? Please don't answer Stefan and Goodfella, I want proper answers not nonsense and you are not better minds.
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Price($) | Vol. | No. |
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