'Calmer heads' to start driving price discovery next week: SA analyst
Following a week of chaotic market volatility driven by the Federal Reserve and a quarterly triple-witching event, investors can expect calmer heads to drive price discovery starting next week, according to Seeking Alpha analyst Alex King of .King anticipates that as the reactionary trading subsides, a stark divergence in sector performance will emerge looking toward the year's end. Semiconductors (SMH up 57% YTD) and the tech-heavy Nasdaq (QQQ up 17% YTD) are expected to build on their gains, while crypto (IBIT down 11% YTD) is positioned well for a turnaround.Conversely, the SA analyst forecasts that older-economy proxies like industrials (XLI up 9% YTD) and the Dow Jones (DIA up 7% YTD) may struggle to keep pace. Bonds , meanwhile, will "probably start to surprise to the upside.""Next week we will see calmer heads begin the process of price discovery into year end," King said.Meanwhile, the stock market ended mixed Friday as Treasury yields reversed Thursday's retreat, with the 10-year note climbing back to the key 5.0% mark.The S&P 500 () +0.2%, the Dow -0.2%, and the Nasdaq Composite +0.4%.Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.