Nasdaq Technical Analysis – Time for a rally into the all-time high? ...Middle East

Fundamental OverviewThe Nasdaq rallied to the recent highs last Friday despite the higher-than-expected US CPI and PPI reports. The Fed targets the PCE though and the Core PCE Y/Y is now expected to tick lower to 2.6%. The market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the Fed’s projections. Therefore, we will continue to see rate cuts into a resilient economy, which is a bullish driver for the stock market.Also, as a reminder, the Fed’s reaction function has changed, so stronger data will just potentially cause a pause in the easing cycle at most. They are not even thinking about tightening anymore. The next big risk event for the mark

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