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home / news releases / WFH - Maybe Tech Won't Crash But Perhaps Market Leadership Changes


WFH - Maybe Tech Won't Crash But Perhaps Market Leadership Changes

Great post by Gary Morrow (@garysmorrow) on the positive outside day in the Dow 30 today, versus the downside outside day yesterday in the Nasdaq 100, a very ominous sign.

The expectation was we'd see more selling in the Nasdaq and Nasdaq-100 today and it didn't happen.

Morrow highlighted Caterpillar (CAT) today, so using YCharts, a peek was taken at the 5- and 10-year returns of CAT versus the S&P 500:

5-year chart:

10-year chart:

What surprised me is that with CAT not having made a new all-time high since January 2018, and then seeing

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Stock Information

Company Name: Direxion Work From Home
Stock Symbol: WFH
Market: NYSE

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