Nasdaq Technical Analysis - The path of least resistance remains to the upside ...Middle East

Fundamental OverviewThe Nasdaq managed to extend the rally into a new all-time high recently. The conditions for further upside in the index remain in place. In fact, Trump’s policies will be a positive driver for growth in 2025 and with the Fed remaining in an easing cycle, growth should remain positive and might even accelerate as signalled already by the Atlanta Fed GDPNow indicator.The only bearish reason we had for the stock market was the rise in Treasury yields in the past couple of months. That’s generally bearish only when the Fed is tightening policy though not when yields rise on positive growth expectations. Right now, the Fed’s reaction function is that a strong economy would wa

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