Tonight, let's analyze the continued sharp decline of the Dow Jones and FAANG.
In the past few trading days, defensive stocks have started to see a batch decline, starting with pharmaceutical stocks. After a big rise, they began to experience a phase of pullback, including AbbVie and Eli Lilly recommended by the previous strategists. $AbbVie (ABBV.US)$ Eli Lilly $Eli Lilly and Co (LLY.US)$ 、强生 $Johnson & Johnson (JNJ.US)$ The leading pharmaceutical companies continue to experience a continuous pullback.
Next, during the previous NASDAQ correction, Google, Microsoft, and Amazon, which have been consistently strong, collectively adjusted. Google even hit a new low in this round of adjustments. What is the market worried about?
Recently, the conflict between Russia and Ukraine has left the European economy mired in mud. As a result, a large number of American companies have withdrawn from Russia, impacting businesses to varying degrees. The decline of the European economy has further caused significant damage to a large number of American companies, with the advertising industry bearing the brunt:
The well-known securities research institution MKM Partners stated, including Google $Alphabet-C (GOOG.US)$ $Amazon (AMZN.US)$ As well as social media (including $Meta Platforms (META.US)$ 、 $Snap Inc (SNAP.US)$ 、 $Twitter (Delisted) (TWTR.US)$ 、 $Pinterest (PINS.US)$ ) included, internet plus-related...