In REAL terms, we’re very close to the full downturn of 2022
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Considering the euro/dollar exchange rate, the Nasdaq 100 has lost 27.5% from its February highs.
Throughout the entire 2022 bearish phase, even accounting for the euro/dollar exchange rate, the decline was 30%.
This doesn’t necessarily mean we’re close to the lows, but it gives an idea of the extent of the decline, in real terms, so far.