1930 ET - The Nasdaq 100 is down 13% from its high, and the S&P 500 and S&P/ASX 200 is down 10.1%, so it could be time to reset expectations on where markets could go over the next few weeks to months, says Jessica Amir, market strategist at Moomoo Australia. The current magnitude of selling and shorting is just like it was in 2018 and 2022, and investors are yet to see company earnings expectations be materially lowered, she adds. It seems a lot of investment banks' buy-the-dip calls are fading, given no one knows what's ahead, Amir says. Huge sell orders from institutions in Nasdaq 100 stocks such as Nvidia and Tesla are evident. No one will win in this trade war, she adds. (james.glynn@wsj.com; Twitter @JamesGlynnWSJ)
(END) Dow Jones Newswires
March 13, 2025 19:30 ET (23:30 GMT)
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