Nasdaq Taking a Quick Trip To Goblin Town Expert TA Predicts
Cut and Dry Outlook. Rising US10Y and Strong DXY = bad news for NDX. Looking for dead cat bounce after 50 basis point hike at FOMC.
Until then ....
Until then ....
Bình luận:
Apologies, here's some further explanation. Since the market is pricing in 50 basis points already, once FED hikes, market should bounce shortly after. Inflation headwinds will abate by June when CPI marks it's first lower reading for May. But the Fed might continue to tighten the economy into a recession anyways. They beefed it super hard by waiting too long to tighten and probably already missed the cycle.