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Showing posts with the label stock market

August PMI points towards a U.S. slowdown, as the Fed readies for a 25% rate cut in September 18th 2024. NASDAQ plunges over 3%, but still above its month-on-month lows. Overall consumer prices remain sticky. No U.S. recession just yet.

The NASDAQ bull run is over.

the nasdaq is flirting with risk aversion and is grossly mispricing widespread global calamity. Sticky inflation could easily turn into stagflation. Any attack on ISrael by Iran could drive the oil price up over $100 and push short term yields over 7%. Eyes on Crypto/Bitcoin on any major sell offs and speculation crashing in tandem.

NASDAQ begins to move towards it support of 17878, as the 10 YR Yield surges to 4.3% on the Federal Reserve pushing back rate cuts in 2024. Is the market heading for a whopping correction?

Nasdaq rally since the March 2023 tech bank/sector bailouts is looking over stretched. In the unlikely pause by the Fed hiking rates for June, indexes have already priced in a pause in July. Deflation has not trumped inflation as yet.

The Crypto exchanges weaved together into Blockchain ecosystems and Tethered assets could be about to completely crash.