M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
A Bloomberg Markets chart showing the strong performance of the NASDAQ 100. The out-performance of many NASDAQ names relative to other stocks, and of the index relative to the Dow and S&P, makes sense for reasons noted before. Given the evolving understanding of the challenges to economic re-openings, including on account of the recent street violence and looting, and the relatively flat and long recovery thereafter, the absolute level of the indices is now even more dependent on the Fed Put. #economy #markets #dow #stocks #equities #nasdaq #bloomberg
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#economy
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#equities
#nasdaq
#bloomberg