2 Key Indicators Point to a Nasdaq Downturn

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In the last few days, there’s been a noticeable momentum change in the technology sector. Some of tech’s biggest names, like Amazon.com (AMZN​), Alphabet (GOOGL) and Apple (AAPL​), have all significantly underperformed the Nasdaq 100. Meanwhile, the Federal Reserve’s plan to sell off assets on the U.S. government’s balance sheet and hike interest rates in December is still on schedule. The result looks like a rotation out of riskier assets with more premium valuations, such as technology, into financials, a sector with a cheaper valuation and one that would benefit from higher rates.

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