Consider the possibility that market has topped..!The image shows charts for four major US stock market indices: the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and the US Small Cap 2000 Index.
Tough week for the markets:
1. NASDAQ 100: The chart shows a sharp downturn, with a rate of change of -5.72%. You mentioned this is the worst week for NASDAQ since October 2022, which aligns with the severe drop visible on the chart.
2. S&P 500: The chart indicates a rate of change of -3.88%, which you noted is the worst week since March 2023.
3. Dow Jones Industrial Average: Similar to the S&P 500, it shows a rate of change of -2.64%, which you also mentioned is the worst since March 2023.
4. US Small Cap 2000 Index: While not specifically mentioned in your statement, this index also shows a significant decline with a rate of change of -5.45%.
These sharp declines across all four major indices indicate a broad market selloff, affecting companies of various sizes and sectors. Such synchronized drops often reflect broader economic concerns or specific events that have impacted investor sentiment.
It's important to note that while these weekly drops are significant, they should be viewed in the context of the longer-term trends visible in the charts, which show overall upward movement over the past year despite this recent downturn.
