The Nasdaq 100 and Nasdaq Composite index both remain in solid rising trends (Bull Markets), Nothing of late has changed the long-term trend!
Below looks at the Nasdaq ETF QQQ over the past few years and highlights some short-term price action that could become concerning to Tech bulls.
During my testimony in April, 2017 before the U.S. House of Representatives Committee on Foreign Affairs, I stressed that, to establish stability and turn Venezuela’s economy around, runaway inflation must be stopped in its tracks. After all, stability might not be everything, but everything is nothing without stability.
Authored by Bryce Coward via Knowledge Leaders Capital blog,
With just two days left until the end of the third quarter, what happened in Q2 will hardly provoke a market reaction, which is why when the BEA announced that the third and final Q2 GDP print was revised from 3.0% to 3.1%, (or specifically from 3.049% to 3.06%) it hardly inspired a move in risk assets, even though it did come in fractionally better than the 3.0% expected, and more than double the 1.2% Q1 GDP print.
Wholesale Inventories jumped 1.0% MoM in August, the fourth consecutive build in inventories in a row and the fastest monthly build since Nov 2016.
This is the fastest annual growth rate for inventories since June 2015 as it appears producers embrace the idea that 'if they build it, they will come'.
Perhaps most notably, motor vehicles saw the biggest rise (+1.2% MoM, +7.4% YoY) as sales collapse.