NASDAQ Breakout

The NASDAQ looks like it's on its way to breaking out. Tech has been its strongest sector since that sector bottomed, and is reasserting itself, said Tim Hayes, Chief Global Investment Strategist Ned Davis Research, in this Bloomberg interview on May 2nd, 2023. Tim also analyzed the implications of the First Republic purchase by JP Morgan, saying that the market is looking beyond this to an earning cycle that is shaping up more positively.
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Watch Bloomberg Markets: European Close Full Show (04/27/2023)