Nasdaq Melt-Up: America Merrill and Wall Street

nasdaq melt-up: The numbers showed us that there is still money to be made by global companies, added Treherne, in an email, according to Market Watch. Another tell for this week Tech stocks are on fire, thanks to well-received results from Twitter, Microsoft and Facebook. These numbers also show just how cheap the market was just before Christmas. And that brings us to our call of the day, from Bank of America Merrill Lynch, which is telling clients that the only thing to stop a Nasdaq melt-up is U.S. dollar melt-up. Often, all that buying is followed by a sharp selloff, also known as a meltdown, The fact that tech stocks have led the bulk of this year's rebound for Wall Street the Nasdaq is up about 22% so far in 2019, versus a 16% rise for the S&P has been a worry for some. A melt-up refers to an unusual market occurrence in which assets are driven up sharply by investors who rush in to buy, based on fear of missing out FOMO rather than any genuine fundamentals. (news.financializer.com). As reported in the news.