Hi friends,
The technology stock heady Nasdaq index closed the month up more than 3% in the final trading session of the month, but still finished at negative 9% for the month of January:
A tough one for investors but the Nasdaq has outpaced the other major indices over the last few years. Technology is fast moving and tech companies are able to adapt much faster to changing economic environments. Hard to argue with continued need for greater technology and innovation so this is a blip in a strong sector. Artificial intelligence and the metaverse are coming so I suspect those will be big in the next few years.
Thanks for coming by,
Brian
