Tech Stocks Extend Losses

The video discusses the impact of a recent Powell announcement on the tech sector, highlighting significant outflows from tech ETFs like QQQ. It also examines the performance of Vanguard communication services and the pressure on high valuation stocks due to potential rate normalization. The video contrasts high quality tech stocks with less profitable ones, noting recent sell-offs. Finally, it provides a technical analysis of the NASDAQ 100, focusing on the percentage of members above the 50-day moving average and potential market trends.

What was the initial market reaction to the Powell announcement regarding tech stocks?

• Tech stocks rose sharply but ended the day down.

• Tech stocks remained stable throughout the day.

• Tech stocks rose sharply and maintained their gains.

• Tech stocks fell sharply and did not recover.

Which ETF experienced significant outflows following the Powell announcement?

• IWM

• DIA

• QQQ

• SPY

How did communication services stocks like Twitter and Google react to the Powell news?

• They saw a major decline.

• They remained unaffected.

• They had minor outflows.

• They experienced significant inflows.

What trend was observed in high-quality tech stocks recently?

• They have been rising significantly.

• They have been stable with no significant changes.

• They have been declining steadily.

• They have been fluctuating without a clear trend.

What percentage of NASDAQ 100 members were above the 50-day moving average?

• More than 70%

• Less than 30%

• Around 40%

• 56%