Nasdaq Technical Analysis – Just a pullback or the start of a bigger correction? ...Middle East

Fundamental OverviewThe Nasdaq rallied into a new 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. The only bearish reason people were looking at was the rise in Treasury yields. That’s generally bearish only when the Fed is tightening policy not when yields rise on positive growth expectations.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 trigger a big correction in

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