Nasdaq 100 Breaks Out Into Bull Market, Tops Wall Street Rally
Nasdaq 100 futures erased a 75-day bear market in just 23 sessions. Is this the start of a new bullish cycle—or just another bear market bounce?
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Nasdaq 100 futures erased a 75-day bear market in just 23 sessions. Is this the start of a new bullish cycle—or just another bear market bounce?
DAX rallies as Germany moves forward with a €500B fiscal package, boosting investor confidence. US consumer sentiment plunges, inflation expectations rise, and Fed set to hold rates at 4.5% this week. Nvidia’s GTC event could shake up AI & semiconductor stocks, while oil hits two-week highs after US strikes in Yemen. Bitcoin weakens, while gold nears record highs on safe-haven demand. Volatility ahead as earnings & macro risks loom.
Apple, Amazon, and Intel report Q3 earnings on Oct 31. Focus on iPhone sales, AWS growth, and Intel's foundry transition amid competition and cost challenges. Here’s what investors are watching:
The Nasdaq 100 is in a precarious technical position after breaking below a near-term bullish trend line and slipping below the 20K level ahead of Magnificent Seven earnings.
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With a significant amount of earnings generated overseas, and whose valuations are susceptible to rising risk-free rates, the Nasdaq 100 stands out as one market that looks particularly vulnerable.
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