- Momentum in the market has shifted away from technology stocks following a significant rally of over 50 % in the Nasdaq Composite from mid-April 2025 through late April 2026.
- The Nasdaq has entered a consolidation phase lasting 4 months, indicating that the previous upward momentum has faded for the time being.
- Market participants are observing that investor focus is moving toward other sectors, such as agriculture, while maintaining a neutral outlook on technology.