Implications and Outlook The Nasdaq has elevated the focal point on Wall Street once again, as the technology benchmark continuously guide the selloff in technology securities. The Nasdaq index hit a 2-month low on Monday trading session, sinking below previous week’s low price.
Even though the fear-index remains to be below the 20 level, which happens to be in line-in-the-sand scenario, the action of the VIX index has changed significantly, even though Monday’s US bank holiday likely resulted in the wild market swings, this order of Stages 2 and 3 is one thing to keep a watchful eye on in the coming week(s).