Stock Market Outlook:
Stock Market Forecast for the Week Ahead
US equity markets have had a turbulent week thus far, gyrating between record levels and considerable losses as US Treasury yields creep higher and work to shift the risk landscape. Against the backdrop of an ever-improving US economy, however, the Nasdaq 100, Dow Jones and S&P 500 may continue higher in the longer-term despite recent weakness. That being said, not all indices are created equal and the high-flying Nasdaq 100, which has dragged markets higher since March 2020, may be falling out of favor.
Nasdaq 100 Price Alongside QQQ Fund Flows
To that end, exchange traded fund flow data reveals a series of withdrawals from the Nasdaq-tracking QQQ ETF since January 2021. In the year-to-date, QQQ has seen -$780 million leave its coffers despite a simultaneous 4.80% gain in price for the index.