Fade That Move: A Stock Pick for the Nasdaq Correction | | |
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It's here, guys, for real this time. We've been talking about this pullback since the end of 2020, and it happened this week. But don't panic. If you weren't prepared, we have advice for trading the Nasdaq correction.
The bond yields we've been seeing have investors rightfully concerned about inflation and its impact on the markets. Shortly before we began seeing the correction, Federal Reserve Chair Jerome Powell said that despite the bond market turmoil, he feels the current policy is appropriate.
Guess what?
That didn't sit well with investors and the Nasdaq officially entered correction territory, dropping 10% as a sell-off was triggered. | | |
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