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Yuriy Matso highlights that if the Nasdaq futures (NQ) drop to a previous reversal point, a new bear market could emerge for the index.
Matso also points out that 50% of stocks in the Nasdaq 100 are already considered to be in bear market territory based on recent chart analysis.
Matso recently reported that the VIX term structure remains in contango, reflecting calm conditions in financial markets. He has also noted that margin debt as a percentage of M2 is nearing levels last seen during major market peaks in 2000 and 2007, which could indicate a potential turning point. These observations add context to his latest warnings for the Nasdaq 100.