Nasdaq 100: What Went Wrong?
Bears on the Loose
The Nasdaq 100 (NDX) has been a battlefield in recent weeks, with bears wreaking havoc and leaving investors reeling. In a stunning turn of events, the index has tumbled into a bear market, raising concerns and sending shockwaves through the financial world.Unmasking the Bear Trap
Analysts have been quick to point out the deceptive nature of the market's recent rally. The NDX surged in the early months of 2023, buoyed by optimism and strong earnings. However, this rally proved to be short-lived, and the bears soon emerged from the shadows, exposing the underlying weakness in the market.The sudden reversal has caught many investors off guard, with some even calling it a "fat bear trap." The relentless selling has pushed the NDX below its key support levels, threatening to extend the bear market further. The once-resilient index now faces an uphill battle to regain lost ground, as investors question the sustainability of the recent rally.
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