February 17, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Nasdaq Could Fall

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

• The chart compares QQQ with 7-10 year Treasury Bond ETF IEF, and long duration ARK Innovation ETF ARKK.
• The chart shows that since the December low, IEF rose in January and now has pulled back close to its December low.  IEF moves inverse to the 10-year Treasury yield.  The 10-year Treasury yield has risen to 3.8840% as of this writing from the low of 3.3750% in January 2023.