QQQJ - Will Global Markets Be Pushed Deeper Into A Crisis Event By The U.S. Fed
- US and Global markets recoiled from the higher inflation/CPI data last week. The US Fed raised interest rates by 75bp on June 15.
- It is clear that global markets expected inflation to stay elevated but were hoping for some moderately lower data showing the recent Fed moves had already dented some inflation concerns.
- The Technology Sector is leading the downward price trend in the US major indexes. The NASDAQ could fall to levels close to $9,750~10,750 before attempting to find any real support.
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Will Global Markets Be Pushed Deeper Into A Crisis Event By The U.S. Fed