There has been no fundamental reason for this pullback. NASDAQ declined by 7% over the last 3 days after rising about 73% from the trough on 23 March 2020. NASDAQ has risen about 32% from the start of the year. This is generally considered a big rally [1]. In my opinion, the rise is taking a rest and a correction[2] is happening. Hence, there is a sudden decline in NASDAQ.

Is the pullback here for the long-term?

I do not think that there will be a crash as the monetary policy[3] previously implemented by the FED is still active. Additionally, there is no fundamental reason for this correction, meaning that tech is still a very lucrative industry to invest in and this correction is merely temporary.

What are the investor’s sentiments?

When looking at investor sentiments for the future, I generally look at 2 indicators: 10-year Treasury Bond yield and CBOE Volatility Index (VIX)....