Nasdaq 100 set for worst week since April meltdown
15 days ago
- #Economic Data
- #Stock Market
- #Federal Reserve
- Wall Street experienced a risk-off week, with expensive market areas and crypto declines driving stocks lower.
- S&P 500 and Nasdaq 100 fell due to weak consumer sentiment and AI stock sell-offs.
- Valuation concerns in AI stocks and technical indicators signaled caution amid frothy market warnings.
- Earnings season winding down and lack of economic data due to government shutdown increased market volatility.
- Private payroll data suggests labor market cooling, keeping Fed rate cut expectations alive for December 2025.
- Despite market weakness, US equity funds saw eight consecutive weeks of inflows, though cash dominated.
- Goldman Sachs remains cautiously optimistic, expecting further gains despite short-term risks.