Technology stocks and the Nasdaq 100 nosedived Tuesday as the Dow Jones and industrial-facing stocks inched higher. The disjointed price action reawakened discussion around a popular macro trade.
Stock Market Forecast for the Week Ahead: Reflation Trade Reignited
2021-05-05 21:00:00
Peter Hanks,
Strategist
Stock Market Forecast:
Recent price action suggests the popular reflation trade may have returned which could spell pain for the Nasdaq 100
Stock Market Forecast for the Week Ahead: Reflation Trade Reignited
The Dow Jones and S&P 500 notched modest gains Wednesday as the Nasdaq 100 bled slightly lower. Disjointed price action in recent sessions has sparked a revival in discussion around the reflation trade theme which originally gained popularity in the first quarter when large technology stocks first began to stumble. The reflation trade theme can be roughly measured through a ratio of the Nasdaq 100 to the Dow Jones.