The Nasdaq 100 index, represented by the $QQQ ETF, is showing significant recovery from its October 2022 lows. The median price to sales ratio in the Nasdaq 100 has climbed to 6.5x, the highest level since March 2022, after bottoming at 4.2x in October 2022. Additionally, the $QQQ ETF is nearing a doubling from its October 2022 low. The $QQQ ETF quickly bounced back up about 2 points off lows with the VIX fading back to red, showing a pretty good effort so far to not break down.
The median price to sales ratio in the Nasdaq 100 has moved up to 6.5x, its highest level since March 2022. It bottomed at 4.2x in October 2022, which was >50% lower than the peak valuation of 8.5x in November 2021. $QQQ https://t.co/l5IYmkeySJ https://t.co/W1Oe2V2k7r
$QQQ quickly back up about 2 points off lows with that VIX fading back to red
$QQQ pretty good effort so far to not break down https://t.co/hdqPUZksrS https://t.co/EewGZ35DvQ
The median Price to Sales ratio of the 50 largest companies in the S&P 500 is 5.6. That's 3.5x higher than the median Price to Sales ratio of the 50 smallest companies in the index (1.6). https://t.co/rQuXrxVpWs https://t.co/NkJBwK7iAc
A few more percent, and $QQQ will be a double off its Oct 2022 low https://t.co/Ys0CgEaKur