A pattern from 2000 has reappeared twice this year, Lia Holmgren notes

A pattern from 2000 has reappeared twice this year, Lia Holmgren notes
Tech pattern from 2000 seen in 2024

Lia Holmgren said that in 2000, technology stocks experienced a significant decline while staples quietly advanced and institutions were already exiting markets. She noted that this same pattern has appeared twice this year, with many artificial intelligence-related stocks already down more than 50% from their recent peaks even as major indices remain close to their highs.

Earlier this year, Holmgren noted that the S&P500 has been positive in nearly all November-through-June periods since 1942, with an average gain of 14 percent. She also recently observed that Bitcoin slipped below $80,000 as U.S. personnel were evacuated from the Middle East. Holmgren’s recent comments come amid heightened attention to sector-specific drawdowns despite resilient headline indices.

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