Finance

Nasdaq breakdown fears are overblown, Leuthold’s Jim Paulsen

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The Leuthold Group’s Jim Paulsen has a message for investors: Don’t give up on Big Tech.

According to the firm’s chief investment strategist, Nasdaq volatility associated with rising Treasury Note yields may not be enough to permanently derail its two decade leadership cycle.

“It’s quite a coincidence that that same peak we had three weeks ago in both the Nasdaq and S&P 500 technology index… to the overall S&P occurred also right on the same level as the dot-com top a little over 20 years ago,” Paulsen told CNBC’s “Trading Nation” on Friday. “That relative high has been enforced ever since.”

In a recent note to clients, Paulsen tackled whether growth plays, which include Big Tech, were…



Source cnbc.com

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