The Dow has peaked?

Big tech stocks took a tumble with Meta bleeding out $100 billion losses. Nasdaq recorded a negative 3% trading day. With inflation and recession writings on the wall since Q2, corporate earning numbers may not be as rosy as expected. Technically the Dow managed to recover to 62% from its recent bottom, but if tech stocks trading is taken as a clue, then the Dow has peaked.

Saham besar teknologi terpleset hari ini dengan Meta (pemilik Facebook) merugi sebesar $100 milyar. Nasdaq mencatat kerugian sebesar minus 3%. Dengan tanda-tanda inflasi dan resesi, hasil penghasilan korporat tidak akan seindah yang dibayangkan. Secara teknikal Dow telah menguat sebesar 62% dari nilai terrendah, namun jika petunjuknya adalah perdagangan saham besar teknologi, maka Dow telah memuncak.