Pedestrians in front of the Nasdaq MarketSite in New York, US, on Wednesday, June 15, 2022. Stocks climbed, Treasury yields tumbled and the dollar pushed lower after Federal Reserve Chair Jerome Powell signaled outsized rate hikes will be rare as officials intensify their battle against rampant inflation. Photographer: Michael Nagle/Bloomberg
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Jonathan Levin: Nasdaq 100 peaked a year ago. Now we know it was a bubble
If you believe that interest rates have peaked and that the US will avoid a recession, it’s reasonable to contemplate whether the worst may be over for the Nasdaq 100.