Fundamental OverviewThe Nasdaq this week rallied strongly following the beat in the US ISM Services PMI where the data showed that the last month drop was just a blip and overall we have a resilient economy with lower inflationary pressures. The data continues to reinforce the narrative that the next move is more likely to be a rate cut, and that inflation is likely to keep coming back to target. This should keep the market supported amid a positive risk sentiment. The main risk today could come from the US NFP report where bad data across the board could weigh on sentiment and push the market lower. Overall, the buyers won’t want to see hot wage growth and a big jump in the unemployment rat
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