Tech Earnings Will Continue to Be Attractive: Well Fargo's McMillion

The video discusses recent market trends, highlighting the NASDAQ's underperformance compared to the Dow. It covers technical analysis of the S&P 500, noting typical market pullbacks and potential rebounds. The impact of rising interest rates on tech stocks is examined, considering the Federal Reserve's hawkish stance. The discussion shifts to the Fed's balance sheet and its influence on financial conditions. Finally, the tight labor market and its implications for economic growth are analyzed, with a focus on wage inflation and labor force participation.

What percentage of the NASDAQ 100 remains above its 50-day moving average according to the GTV chart?

• 50%

• 30%

• 70%

• 90%

How do rising interest rates generally affect growth stocks?

• They outperform value stocks.

• They tend to suffer as rates rise.

• They remain unaffected by interest rate changes.

• They tend to benefit from rising rates.

What is a significant difference in the current Fed tightening cycle compared to previous ones?

• Higher inflation rates

• Massive balance sheet runoff

• Lower interest rates

• Increased government spending

What is the expected impact of the Omicron variant on the upcoming job numbers?

• A moderate increase in job numbers

• A disappointing or negative job number

• A significant increase in job numbers

• No impact on job numbers

What are the two key factors the Fed will be watching in the labor market?

• Interest rates and stock market performance

• Consumer spending and inflation

• Unemployment rate and GDP growth

• Wage inflation and labor force participation