[Top U.S. Fund Manager: Nasdaq May Drop 35% This Year] According to a report by Jinse Finance, on June 15, a top U.S. fund manager stated that due to the combined effects of inflationary pressures and liquidity tightening triggered by 'mega IPOs,' the Nasdaq Index could potentially decline by 35% this year, posing a significant obstacle to the current bull market. Over the past two weeks, semiconductor and growth stocks have experienced substantial volatility, with the Nasdaq Index dropping 4.8% in a single day on June 5, a day referred to as 'Black Friday.' Slavik Kolesnik, co-manager of the Morningstar five-star-rated Leader Capital High Quality Income Fund (LCATX), remarked that such declines are early signs of potentially larger drops in the future.