The NASDAQ100 Index has done very little during the trading session on Friday, as the market quite frankly looks like it’s got nowhere to be.
Enter your emailI think this market has no idea what to do with itself.has done very little during the trading session on Friday, as the market quite frankly looks like it’s got nowhere to be.Next week will probably be the next catalyst, as it has the Jackson Hole Symposium where central bankers will be able to bloviate, and probably say the wrong things causing quite a bit of chaos in the market yet again.
This is a very confusing time to be trading, so if you have been struggling, do not be too hard on yourself. This is a rally that’s been very difficult to get behind, but it is because interest rates have been dropping., so if the rates are dropping, the machines are buying stocks. This is especially true as of late, and it’s almost impossible to trade without paying close attention to the bond markets.
Quite frankly, it’s all about the bond markets right now, and nothing to do with anything else. There are only a handful of stocks that move the NASDAQ 100, see need to keep that in the back of your head as well. It’s all the usual suspects such as Amazon, Tesla, Alphabet, Microsoft, etc., which should be a potential victory for the bulls, but we haven’t necessarily taken off either.
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