Rate concerns impacting on NAS100
The NAS100 is a growth index and is generally sensitive to interest rates. There are concerns that the Federal Reserve will keep borrowing costs higher for longer and this is currently impacting the index.
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The NAS100 is a growth index and is generally sensitive to interest rates. There are concerns that the Federal Reserve will keep borrowing costs higher for longer and this is currently impacting the index.
The iPhone maker unveiled on Monday its long-rumored mixed reality goggles, the first major new product announcement, entering a market occupied mostly by Facebook-parent Meta and its Metaverse
Watch today’s US Open for insights on Saudi Arabia’s additional oil output cut, the new hawkish surprise by the central bank of Australia, Apple’s mixed reality headset announcement and more
The US is predominantly a services-based economy. This makes the ISM non-manufacturing data particularly interesting. May’s figure was released today, printing at 50.3, down from 51.90 for April. This is a five-month low. When the numerical is above 50, companies are experiencing growth and expansion. The prices component of the survey came in at 56.2. This is down from 59.6 in April. The Fed is worried that services-based inflation is…
EV makers are facing an adverse economic environment, but the market is set for continuing growth. As the next earnings season approaches, EV leader Tesla is well positioned to maintain its reign, but faces increasing competition from companies such as Ford, BYD and more
Watch today’s US Open for insights on the recent comments by Fed & ECB policymakers, the latest on the US debt ceiling and more
The index finds supprort after dovish comments from Fed officials and successful passage of the debt ceiling agreement by the House, with focus now shifting to the Senate vote and the critical Jobs Report
Markets had come to expect another rate hike in June after the hot PCE inflation figures, but two Fed voters advocated in favor of a skip on Wednesday, causing another repricing ahead of Friday’s key jobs report
The weekly NAS100 has charted a series of higher troughs followed by higher peaks. This puts the index into an uptrend.
Watch today’s US Open for insights on the latest around the US debt ceiling, the hot PCE inflation data that added to the hawkish repricing around the Fed’s rate path and more
The US2000 tracks the performance of 2,000 small-cap US stocks. It is generally a more volatile index, as smaller companies have more limited access to financial resources than big companies. Many view the US2000 as a barometer of the US economy, due to its sensitivity to macroeconomics. Thus, its underperformance is worrisome.
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