City cautions on Nasdaq sell-off
Reports indicate that the Nasdaq index is approaching a level that could trigger further sell-offs among investors who follow market trends, following last week's decline in global stock markets led by Nasdaq and Nikkei. Despite this downturn, the positional assessments of commodity trading advisors remain mostly bullish; however, liquidity models forecast that Nasdaq could experience additional declines, with the possibility of its index dropping by up to 5%. This is attributed to deteriorating trends in the semiconductor sector, increased selling activity in bond futures, and market impacts from falling U.S. bond yields and weak inflation data.
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