Nasdaq to Dow Ratio Plateaus at Dot-Com Boom Highs
The ratio between the Nasdaq 100 and and Dow Jones Industrial Average is hovering near its highest level since the Dot-Com boom peak in May 2000. Given that these two indices enjoy an incredibly high, positive correlation between them, the relative aspect here speaks to something more speculative in nature.
I believe risk taking has been driven by artificial factors like stimulus, which also explains why we have leveled out on the ratio rather than run straight up and straight down into reversal. However, that would suggest that the onus of reversal is ahead of us as the major central banks talk tapering and rate hikes.
I'll be ready to take advantage of any systemic sweep in risk assets and this will be one of my go-to signals.
I believe risk taking has been driven by artificial factors like stimulus, which also explains why we have leveled out on the ratio rather than run straight up and straight down into reversal. However, that would suggest that the onus of reversal is ahead of us as the major central banks talk tapering and rate hikes.
I'll be ready to take advantage of any systemic sweep in risk assets and this will be one of my go-to signals.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。