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A Reversal of Fortunes for US Banks and Technology Stocks

A Reversal of Fortunes for US Banks and Technology Stocks
Prior underperforming US banks rallied last week where the SPDR Banks ETF rose by 6.76%, its best weekly gain seen in 14 months. The high growth technology concentrated Nasdaq 100, the top year-to-date performer, underperformed last week, dragged down by Tesla and Netflix ex-post earnings releases. Extreme positioning, and complacency bias in Nasdaq 100 increase […] The post A Reversal of Fortunes for US Banks and Technology Stocks appeared first on Action Forex... Read More
Posted: Jul 24 2023, 06:56
Author Name: actionforex
Views: 102065

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