Market enters Overspeculative territory with Vaccine makers dragging down Nasdaq and SP500
With Robert F Kennedy Jr in charge of department of Health, market is over speculating potential negative impact to the vaccine makers and health industry.
And when Jerome Powell signal slow rate cut coming next, the knee-jerk effect that we are seeing today goes against the long term trend of lower but slower rates.
With big tech stocks all down, these market leaders are stil going to be leading the market as compared to small caps.
Long term projection for 2025 is still going to benefit technology development as there is pinnacle when it comes to competition with China. Especially under then Trump Administration, losing out on tech to China will be really bad. With Elon onbroad, we are confident that tech and AI in 2025 will be even more prevalent than ever before.
Modify on 2024-11-16 00:28
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