The Eagle King Of The Fed Speaks Again! Where Would Nasdaq Headed?

Bullard said that the interest rate will be pushed up to 3.5% by the end of the year. How will the Nasdaq develop?

【Operation suggestion】
Investors are suggested to bargain hunt at the current price, Target 12200, and Stop-Loss by 11800.
【Fundamentals】
Bullard, the eagle king of the Fed, said the Fed should implement a series of aggressive interest rate hikes ahead of schedule, pushing interest rates to 3.5% at the end of the year, and if it effectively reduces inflation, it may cut interest rates in 2023 or 2024. Recently, the U.S. exchange rate index fell below the 103 mark and the U.S. bond yields achieved three consecutive declines last week which benefited the Nasdaq rose in the short-term. Overall, the main idea for Nasdaq in the short-term is suggested bargain hunting .
【Technical】
From the daily level chart, since the Nasdaq is in a volatile pattern, the quotation is located in the lower track of Bollinger, which is conducive to bullish party intervention. The sub-indicator MACD bearish kinetic energy continues to converge and superimpose the KD fast line to break through the slow line, which is beneficial to investors bargain hunting.
*Information above belongs to 3rd party media comments, can only be used for references and doesn’t represent our platform’s opinion. Investors should maintain sole-determination, self-evaluation required and be responsible for their own action.

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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.