All Eyez On Me, NASDAQ
The behavior of quotes described in the previous article was realized in just a few hours. After profit fixing, new growth began↗️. Well, simply because there are no reasons for a fall - the US economy is strong, inflation is falling, as are Fed rates. The perfect combo.
The only thing that can interfere (as we have already written) is a correction in the main indices. There was no significant profit-taking there, especially in Mag 7. Therefore, now all our eyes are focused on the NASDAQ 100. By the way, it is convenient to monitor it using QQQ, which is the ticker of the corresponding index ETF.
By the way, from a conspiracy point of view, Powell is now playing along with Kamala Harris 🗣. Before the election, they can simply paint good macro data justifying such a rapid reduction in rates. And the labor market will be great (by the way, today there were excellent interim data on the number of applications for unemployment benefits), and inflation, etc. In November, Kamala will be able to say: “look at what great results our administration has achieved over the past 4 years - both the economy is flourishing and the stock market.” Maybe even Joe 🗣 will be brought to a podium for this case, if he has not yet lost the ability to speak. And somewhere in December, the relevant agencies will revise the data for September-October for the worse retroactively, as they have already regularly done. Trump supporters 🗣 in X adhere to this version.
P.S. For those who don't know, the title is a reference to the song of the same name by 2Pac (that's how the word eyes are spelled), which recently found a second life in the form of numerous remixes that have gained millions of plays on streaming services and YouTube.
