DXY U.S. Dollar Index vs. Nasdaq Composite / MSCI World Value

DXY U.S. Dollar Index vs. Nasdaq Composite / MSCI World Value Over the past two years, U.S. growth stocks—known for their sensitivity to currency fluctuations—have exhibited a strong correlation with the U.S. dollar. Image: Gavekal, Macrobond

Valuation – Nasdaq 100 Fwd P/E

Valuation – Nasdaq 100 Fwd P/E Tech stocks are priced at a premium, with forward valuations significantly above their 10-year average. This rich valuation assumes technology companies will maintain their earnings leadership. Image: Bloomberg

Nasdaq 100 – Consecutive Trading Sessions Above 200-Day Moving Average

Nasdaq 100 – Consecutive Trading Sessions Above 200-Day Moving Average The Nasdaq 100 has been trading above its 200-day moving average for 467 consecutive sessions, indicating a strong bullish trend that reflects sustained investor confidence and momentum in technology stocks. Image: Bloomberg

Performance – Banks vs. S&P 500 Index and Nasdaq 100 Index

Performance – Banks vs. S&P 500 Index and Nasdaq 100 Index In 2024, bank stocks have significantly outperformed major indices like the S&P 500 index and Nasdaq 100 index, driven by optimism regarding potential deregulation that may ease capital rules for banks. Image: Bloomberg

Bitcoin and Nasdaq 100

Bitcoin and Nasdaq 100 In recent times, Bitcoin has exhibited a notable correlation with the Nasdaq 100, reflecting broader market trends and investor behavior. Image: Topdown Charts

Performance – Ratio of Russell 2000 Index to Nasdaq Composite

Performance – Ratio of Russell 2000 Index to Nasdaq Composite Small-cap stocks are currently at a record low relative to the Nasdaq Composite. Factors that could drive small-cap stocks to outperform include a rise in M&A and IPOs, robust earnings growth, and changes in interest rates. Image: BofA Global Investment Strategy

Nasdaq Futures Net Short

Nasdaq-100 Index, Short Interest as a Percent of Shares Outstanding The falling short interest in the Nasdaq 100 is seen as a potential bearish signal, as it reduces a source of support for the market and makes stocks more vulnerable to negative news and price declines. Image: Morgan Stanley Wealth Management

Index Weight of 5 Largest Companies in Nasdaq 100

Index Weight of 5 Largest Companies in Nasdaq 100 The Nasdaq 100 index is heavily concentrated in a few large tech companies. While this reflects the strength and innovation of these tech giants, it also introduces risks if sentiment shifts or if regulatory scrutiny increases. Image: Goldman Sachs Global Investment Research

Nasdaq Composite Weekly Chart with 40-Week and 200-Week MAs

Nasdaq Composite Weekly Chart with 40-Week and 200-Week MAs The Nasdaq may potentially reach 18,700 and 22,400, given the possibility of a catch-up trade within a secular bull market presidential cycle. Image: BofA Global Research

Nasdaq 100 vs. Commodities

Nasdaq 100 vs. Commodities Will commodities outperform U.S. tech going forward? Image: BofA Global Investment Strategy