The reopening trade is 'fizzling,' market analyst says as tech, cyclical ETFs sell off

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

With technology and some cyclical ETFs subject to heavy selling, two market analysts share what to expect as the reopening trade takes a back seat.

"The reopening is fizzling," Nadig said in response to the action. "We're starting to bring some reality back to some of these names that may have run too long.""We've got a long way to go before we can really get a rally until we can find a bottom in some of these names that ran so hard," Nadig said.

Without two of the market's most prominent stock groups — tech and the banks — leading the slide, reigniting the rally will prove difficult, said Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA Research.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

InvescoUS SEE market , BLACK wednesday coming

INVESCO QQQ is up 1.36% if you would like accurate reporting follow us back🤔

Trump is destroying your 401k. Next he will come for your social security payments Good luck America.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens MondayDow futures pointed to a sharp decline at Monday's open as the stock market comes off three straight weeks of selling. 1. Get 2. Out 3. While 4. You 5. Can cramerbubble FIRST THING TO KNOW BEFORE STOCK MARKET OPENS TODAY: FEDERAL RESERVE BANK IS PRINTING AS MUCH MONEY AS IT CAN AND DUMPING IT IN THE MARKET TO STALL IT'S INEVITABLE COLLAPSE! THE BUBBLE IS ABOUT TO BURST! LOOK FOR IT TO HAPPEN BEFORE THE ELECTION! THEY WILL BLAME IT ON PRES. TRUMP
Source: CNBC - 🏆 12. / 72 Read more »

Tech stock sell-off: Single-day outflows for QQQ the most since 2000 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $1000, i can guarantee $9,500 as profits after 5 days of investment. Inbox me if interested.
Source: BusinessInsider - 🏆 729. / 51 Read more »