NASDAQ 100 bullish or bearish in May? stockmarkets stocktobuy
Enter your emailIn the bullish scenario for the month, I suspect that we continue to trade in the overall consolidation area that I see at the moment.
Inflation continues to be a major concern, and therefore the month of May might be a rather difficult trading. At the very least, I anticipate seeing a lot of volatility, and do not expect to see that go away anytime soon. In this scenario, I believe that we are going to continue to struggle for clarity.If we break down below the 12,500 level, then it is likely that the NASDAQ 100 will go looking to the 12,000 area underneath.
The more bullish scenario that I see is that economic numbers continue to slump as the GDP number has in the United States, suggesting that perhaps the Federal Reserve will be able to tighten as much as once thought. I do not think that is going to happen, because quite frankly the most important figure will be inflation. As long as inflation numbers are hot, the Federal Reserve is going to tighten and therefore dampen profits in the stock market.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jay-Z’s Top 30 Songs on the Billboard Hot 100Check out Jay-Z's top 30 songs on the Billboard Hot100. 💯
Read more »
Over 100 brain tumors linked to NJ high school: Is it a cancer cluster?How will officials determine if a true cancer cluster exists?
Read more »
More than 100 Coachella shuttle drivers sick from food poisoningOfficials say it happened at an off-site dinner for the transportation employees Sunday night.
Read more »
Petworth Porchfest Brings Over 100 Bands to the DC Neighborhood on Saturday - WashingtonianBust out your walking shoes and lawn chairs, Petworth Porchfest is back for its second year on Saturday, April 30. The community jamboree, which showcased close to 100 musical acts last year, has organized even more performances on residential porches across the Northwest DC neighborhood. The event, which starts at 2 PM at Petworth Rec
Read more »
New Jersey man to celebrate 100th birthday by running 100-meter dash at Penn RelaysA man from New Jersey is set to celebrate turning 100 by running the 100-meter dash in front of thousands of spectators.
Read more »
Man accused of luring more than 100 children into making child pornAuthorities believe the suspect convinced dozens of children nationwide to send him sexually explicit images of themselves and others.
Read more »