binance left Coinmarketcap net_left adver left
Detail

Nasdaq Hides Deeper Pain With Over One-Third of Stocks Down 50%

(Bloomberg) -- The tech stock-rout, as steep as it’s been, has still only pushed the Nasdaq Composite Index down about 8% from its November high, just shy of an official correction...
Nasdaq Hides Deeper Pain With Over One-Third of Stocks Down 50% © Reuters. Nasdaq Hides Deeper Pain With Over One-Third of Stocks Down 50%

(Bloomberg) -- The tech stock-rout, as steep as it’s been, has still only pushed the Nasdaq Composite Index down about 8% from its November high, just shy of an official correction for a benchmark that’s more than doubled in less than two years.

Yet beneath the surface it looks a lot worse.

More than 36% of the stocks in the index are down at least 50% from their 52-week highs, an extraordinarily large number given the scale of the overall index’s drop, according to Ned Davis Research. Typically when the Nasdaq is within 10% of its peak, an average of just 12.5% of its stocks have declined that much, the firm said.

The break reflects how strongly the major equity benchmarks are being influenced by the technology industry’s mega-cap giants. And their stocks haven’t been hit as hard this year as some of the smaller, fast-growing tech companies that are reliant on financing and whose valuations depend heavily on future profits, making their shares particularly sensitive to higher interest rates.

As a result, it’s unclear whether the market will break with previous patterns suggesting there’s more pain ahead. Ned Davis said the number of Nasdaq stocks that have fallen so deeply from their peaks would usually point to a “cyclical bear market,” which tends to be a short-term decline of at least 20% from records that lasts a few months.

“Market breadth for Nasdaq stocks is pretty pathetic,” Ed Clissold, chief U.S. strategist at Ned Davis, said in an interview. “When you’re in the middle of something like this, it’s tricky to decipher whether it’s a normal rolling correction or a bull market peak. But the longer this goes on, the harder it’s going to be to ignore.”

Since 1972, there’s only been 39 days when the Nasdaq has held within 10% of its highs while more than 35% of its members were down more than 50% from their peaks, data from Ned Davis show. And until December 2021, all of them occurred in 1998 and 1999, during the height of the Internet bubble.

To be sure, the divergences won’t necessarily lead to a bear market. Much of the recent weakness has centered on micro-cap stocks, which have typically been more volatile and less liquid than shares of larger companies, Clissold said.

Tech stocks were under pressure again on Friday, with the Nasdaq Composite 0.5% lower in late-morning trading after staging a brief rebound at the open.

“We’ll have to see if earnings season comes to the rescue once again,” Clissold said, explaining that technical indicators like market breadth have improved over the past few quarters as corporate-profit outlooks improved. “Still, earnings revisions over the past several weeks weren’t as strong as other pre-announcement periods last year, which leads us to believe that we may not get those fantastic beat rates.”

©2022 Bloomberg L.P.

ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
17-01-2022 20:18:22 (UTC+7)

EUR/USD

1.1418

+0.0011 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

EUR/USD

1.1418

+0.0011 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

GBP/USD

1.3657

+0.0013 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

USD/JPY

114.53

-0.07 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

AUD/USD

0.7218

+0.0008 (+0.10%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (0)

Sell (5)

USD/CAD

1.2506

-0.0014 (-0.11%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

Sell (0)

EUR/JPY

130.76

+0.04 (+0.03%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

EUR/CHF

1.0429

+0.0004 (+0.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Gold Futures

1,819.65

+3.15 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

Silver Futures

23.045

+0.005 (+0.02%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

Copper Futures

4.4270

-0.0060 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (9)

Crude Oil WTI Futures

83.67

-0.11 (-0.13%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (2)

Sell (5)

Brent Oil Futures

86.48

-0.08 (-0.09%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (4)

Natural Gas Futures

4.268

+0.014 (+0.33%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

US Coffee C Futures

239.65

+2.65 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,302.14

+29.95 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

S&P 500

4,662.85

+3.82 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

DAX

15,933.72

+50.48 (+0.32%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,611.23

+68.28 (+0.91%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

Hang Seng

24,218.03

-165.29 (-0.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,161.55

+0.07 (+0.00%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

IBEX 35

8,838.70

+32.10 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

BASF SE NA O.N.

68.140

+0.030 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (3)

Bayer AG NA

52.82

+0.23 (+0.44%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Allianz SE VNA O.N.

227.05

+0.05 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Adidas AG

252.65

+0.30 (+0.12%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (10)

Sell (0)

Deutsche Lufthansa AG

7.241

0.000 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (11)

Siemens AG Class N

146.00

+0.14 (+0.10%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

Deutsche Bank AG

12.018

+0.064 (+0.54%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (1)

 EUR/USD1.1418↑ Buy
 GBP/USD1.3657↑ Buy
 USD/JPY114.53↑ Sell
 AUD/USD0.7218Neutral
 USD/CAD1.2506↑ Buy
 EUR/JPY130.76Sell
 EUR/CHF1.0429↑ Sell
 Gold1,819.65↑ Buy
 Silver23.045Neutral
 Copper4.4270↑ Sell
 Crude Oil WTI83.67Neutral
 Brent Oil86.48Neutral
 Natural Gas4.268Neutral
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,302.14↑ Sell
 S&P 5004,662.85↑ Buy
 DAX15,933.72↑ Sell
 FTSE 1007,611.23↑ Buy
 Hang Seng24,218.03↑ Buy
 Small Cap 20002,161.55↑ Buy
 IBEX 358,838.70↑ Sell
 BASF68.140Neutral
 Bayer52.82↑ Buy
 Allianz227.05↑ Buy
 Adidas252.65↑ Buy
 Lufthansa7.241↑ Sell
 Siemens AG146.00Neutral
 Deutsche Bank AG12.018↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,120/ 6,160
(0/ 0) # 1,150
SJC HCM6,110/ 6,170
(0/ 0) # 1,160
SJC Hanoi6,110/ 6,172
(0/ 0) # 1,162
SJC Danang6,110/ 6,172
(0/ 0) # 1,162
SJC Nhatrang6,110/ 6,172
(0/ 0) # 1,162
SJC Cantho6,110/ 6,172
(0/ 0) # 1,162
Cập nhật 17-01-2022 20:18:24
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,820.11+3.630.20%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$83.66-0.02-0.02%
Brent$86.01+0.080.09%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.540,0022.850,00
EUR25.234,8826.649,42
GBP30.246,4531.537,99
JPY192,66203,94
KRW16,5020,10
Cập nhật lúc 08:14:54 18/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right