US Tech 100 CFDPanjang
Nasdaq is on the verge of growth
The Nasdaq index may be setting up for the breakout, ahead of the long holidays (Good Friday). Volatility remains low, as VIX keeps below 13.
The overall narrative behind the stock market is disinflation, as traders are not yet convinced if the interest rate will be lowered during the meeting of the Fed in May and June. Among other publications, the most important one would be a publication of the PCE index on Friday (the so-called "Feds inflation").
The US GDP growth rate for Q4 the US was 3.4% against 3.2% forecasted, which is stronger than expected. That is a sign of strength for the US economy and may continue supporting stocks.
Tech sector (Nasdaq) might take off after a two-weeks underperformance in comparison to other sectors, due to rotation within the bull market.
Trade well and manage risks at all times!
The overall narrative behind the stock market is disinflation, as traders are not yet convinced if the interest rate will be lowered during the meeting of the Fed in May and June. Among other publications, the most important one would be a publication of the PCE index on Friday (the so-called "Feds inflation").
The US GDP growth rate for Q4 the US was 3.4% against 3.2% forecasted, which is stronger than expected. That is a sign of strength for the US economy and may continue supporting stocks.
Tech sector (Nasdaq) might take off after a two-weeks underperformance in comparison to other sectors, due to rotation within the bull market.
Trade well and manage risks at all times!
Penafian
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