To gain an edge, this is what you need to know now.
Aggressive Buying
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The call between President Biden and China’s President Xi did not go well. The plan was for Biden to warn Xi against helping Russia. It appears that Xi turned the tables and warned Biden against indiscriminate sanctions.
- Fed Governor Christopher Waller said that the Fed may need to engage in one or more 50 basis point rate hikes. Waller is pushing for aggressive moves by the Fed.