STOCK MARKET CONSENSUS OF IMMACULATE EVERYTHING TO FACE NEW ECONOMIC DATA AND FED MINUTES, NEW BITCOIN RUMOR
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
New Economic Data
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The chart shows tech stocks have fallen back into the support zone.
- RSI on the chart shows tech stocks are near oversold.
- The stock market has a consensus now that everything is going to be immaculate – the landing, the Fed, interest rates, earnings, adoption of AI, Russia, China, and the Middle East.
- The stock market is assuming a 90% probability of seven rate cuts.
January 3, 2024