Nasdaq 100 Won't Hit New High This Year, Shaoul Says

The transcript discusses recent market noise and volatility, with a focus on short covering and its historical significance. It debates whether a new bull market has begun, considering the impact of last year's monetary policy changes. The discussion highlights the S&P index's performance and the ongoing bear market in large-cap tech. It also examines the potential for tech sector recovery despite job cuts, and concludes with a cautious outlook for the NASDAQ 100 in 2023, citing overvaluation concerns.

What was the main challenge faced by the speaker during the recent market noise?

• Understanding the market's direction

• Predicting the next bull market

• Managing personal investments

• Communicating with clients

How does the speaker view the impact of last year's monetary policy changes?

• They are irrelevant to current market conditions

• They have been completely reversed

• They still have a significant impact

• They only affect small-cap stocks

What is the speaker's opinion on the S&P equal weight index?

• It is dominated by large-cap tech

• It is still in a bear market

• It ended its bear market last year

• It is overvalued

Why does the speaker doubt the NASDAQ 100 will reach a new high in 2023?

• It was previously overvalued

• It has already reached its peak

• It is unaffected by job cuts

• It is undervalued

What historical perspective does the speaker provide about short covering?

• It had no significant impact

• It was the smallest since November 15th

• It was a common occurrence

• It was the largest since November 15th