Nasdaq Technical Analysis – The market cheers Trump’s victory ...Middle East

Fundamental OverviewThe Nasdaq tested the all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers like tax cuts and deregulation. One potential bearish reason people are looking at is rising Treasury yields. That’s generally bearish when the Fed is tightening though as the market looks forward to an economic slowdown. Right now, the Fed’s reaction function is that a strong economy would warrant an earlier pause in the easing cycle and not a tightening. That should still be supportive for the stock market.If the Fed’s reaction function changes to a potential tightening, then that will likely see the stock market correcting lower. Nasd

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Nasdaq Technical Analysis – The market cheers Trump’s victory ...Middle East

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