Tech Stocks Hit Ahead Of Powell Speech; ONON, PDD, DASH In Focus
Semiconductor and gold stocks lagged.
August 22, 202419m 22s
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Show Notes
The Nasdaq came down to its 50-day moving average Thursday ahead of Jerome Powell’s speech Friday morning in Jackson Hole. Traders are still leaning toward 100 basis points in rate cuts over the next three Fed meetings. On Holding fell in light volume after Wednesday’s breakout attempt; PDD is a rare bright spot in China; DoorDash is setting up in a nice base.
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