LONDON : Global equities are due a rebound after Wednesday's meeting of the U.S. Federal Reserve, several indicators based on market levels and positioning are signalling.
Global stocks have lost 7per cent so far in 2022, with the Nasdaq Composite set for its worst start to the year since 1980 as high-flying technology shares fall out of favour.Goldman Sachs told clients the falls did not indicate a"danger zone" had been reached and that its risk indicator models suggest markets are nearing levels that are considered good entry points for longer-term investors.
All three major U.S. benchmarks are trading below that level, and the Nasdaq 100 - which has shed $3 trillion in market value this year - fell all the way to the lowest since December 2018 at 25.4.Nasdaq 100 RSI https://fingfx.thomsonreuters.com/gfx/mkt/xmpjojgolvr/Nasdaqper cent20100per cent20RSI.
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