The NASDAQ composite index enjoyed a remarkable uptrend since late 2022, powered by top-performing companies known as the Magnificent 7. However, the momentum stalled in February with a notable decline of 5%. Analysts highlight growing fears of a recession due to slowing growth and disappointing earnings projections. The Federal Reserve's rate hikes, impacting the economy, are also at play, and while easing measures are anticipated to remain on hold until 2025, this could shift if recession materializes. Investors are shifting focus towards Dividend Aristocrats for stability as they navigate these economic uncertainties.
The NASDAQ composite index soared until February, where it faced its sharpest drop since September 2023 amid slowing growth and potential recession signs.
As the Federal Reserve's interest rate hikes steadily impact the economy, many on Wall Street predict Fed easing is unlikely until 2025 unless a recession occurs.
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