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David Bird: Nasdaq weakness may be masked by large tech stocks

David Bird: Nasdaq weakness may be masked by large tech stocks
Nasdaq correction risk seen by Bird

David Bird expressed concern about potential warning signs in the Nasdaq, stating that the index could be approaching a significant correction. He highlighted that most people focus on the Nasdaq 100, but noted that strong performance from a handful of large tech companies may conceal underlying weakness in the broader market.

Bird has recently highlighted diverging trends between gold prices and mining stocks, noting early momentum in miners despite weaker bullion prices in a recent analysis. In another article, he examined whether Australian property prices could fall below construction costs, challenging assumptions about price resilience in the sector. His latest Nasdaq warning follows these comments on shifting patterns in different asset markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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