Nasdaq gains momentum after a dovish signal from FED.
Tech Stocks Soar as Nasdaq Gains Momentum
Nasdaq gains momentum after a dovish signal from FED, when Jerome Powell had changed his rethorics, claiming that FED had maintained balance between price stability and the odds of recession. As the market is in the middle of the earnings season, that is a supportive factor for stocks.
Tech sector is outperforming most other sectors right now, so the sentiment for tech stocks is positive, especially with the VIX moving down. Speeches of Jay Powell and Christine Lagarde this week may reshape expectations.
NASDAQ Price Forecast Video by Stanislav Bernukhov
Stanislav became involved in the financial markets in 2004. By 2008, he developed into a full-time individual trader, trading futures and options on the Chicago Mercantile Exchange.
