Nasdaq hits rally price target – here’s the problem! Market afternoon (video)

After US producer prices were lower than expected, the Nasdaq in particular rose sharply – reaching the downtrend channel and thus the price target for recovery from the sell-off! The markets are now expecting a 0.5% interest rate hike by the US Federal Reserve in September – so they may be too optimistic. But there is a troubling message in today’s producer prices, despite all the hype: company margins are shrinking because prices can no longer be raised at will. US consumers, on the other hand, are currently holding back: they are waiting for interest rates to fall so that buying on credit becomes cheaper – this is shown by reports from Home Depot. Can the Nasdaq break two key resistance levels ahead of tomorrow’s US inflation data?

Notes from the video:

1. Tech stocks face significant risk, according to Citi

2. Stock markets: Optimism remains unbroken despite turmoil

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