MM’s thoughts on NASDAQ versus the Market please
Hi team, I'd be keen to get your comments on some of this weeks movements in sectors. The US and AUS have held up well relative to some of the big tech companies ie Google, Microsoft, Amazon, Meta etc after reporting this week and getting smashed in share price. Clearly they aren't growing at the rate they were and valuations have been adjusted by the market but all are still very good businesses in my opinion. Do you think the market has gone too far with the valuation adjustment, and if the Fed pivots slightly on rates before end of year can you see a bounce in this and the NASDAQ?
