Odaily Planet Daily reports that, according to institutional analysis, since July, the equal-weighted Nasdaq 100 Index has underperformed the equal-weighted S&P 500 Index by 6.8 percentage points—the worst monthly relative performance on record. Previously, equal-weighted tech stocks had outperformed the broader market for four consecutive months. Over the past 20 years, tech stocks have never averaged a performance lagging more than 5 percentage points behind the S&P 500 average. Meanwhile, the equal-weighted S&P 500 Index has risen 2.2% this month, reaching historic highs, while the equal-weighted Nasdaq 100 Index has fallen 4.6%, nearing its lowest level since mid-May. Investors are exiting tech stocks at a record pace. (Jinshi)
Investors cash out of U.S. tech stocks at a record pace in July
KuCoinFlashShare
Summary
The Fear and Greed Index has turned sharply negative as investors cash out of U.S. tech stocks at a record pace in July. On-chain analysis shows the equal-weighted Nasdaq 100 has underperformed the S&P 500 by 6.8 percentage points, marking its worst monthly relative performance on record. The S&P 500 has risen 2.2%, reaching a historical high, while the Nasdaq 100 has fallen 4.6%, nearing its lowest level since mid-May.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.