Top US fund manager: Inflation and "mega IPOs" are triggering liquidity tightening, Nasdaq may fall by 35% this year.

A top fund manager in the United States said that due to inflation pressures and liquidity tightening caused by the "mega IPO", the Nasdaq index may fall by 35% this year, which will be a major obstacle to the current bull market. In the past two weeks, semiconductor and growth stocks have experienced significant volatility, with the Nasdaq index falling by 4.8% in just one day on June 5, also known as "Black Friday". Slavik Kolesnik, co-portfolio manager of the Morningstar five-star rated Leader Capital high-quality income fund, said that such declines are early signs of even bigger declines in the future.