NASDAQ at Record Highs after US CPI report, but can it last?

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In today’s video, we break down the major market moves triggered by the July US CPI report. Headline CPI rose 0.2% month-over-month—right in line with expectations and a slowdown from the previous month. Year-over-year, headline inflation came in at 2.7%, just under the 2.8% forecast, while Core CPI rose 0.3% MoM (matching forecasts) but was a bit hotter at 3.1% YoY (vs. 3.0% expected).

These “not as bad as feared” inflation numbers kept hopes alive for a September Fed rate cut, pushing the odds of a cut to 96%. Markets responded strongly: the NASDAQ 100 closed at a record high, just shy of the 24K handle, with broad gains in tech and communication stocks, as traders bet on a more dovish Fed.

We also cover the technical setup for the NASDAQ 100 and key risk factors heading into the second part of August.

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Giao dịch đang hoạt động

Nasdaq is pulling back after hitting the round resistance of 24k, ending the short-term upside move and opening the door to lower levels towards 23k and beyond before a chance at a bounce.

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