15 days ago • Posted by Paul de La Baume
Big #Tech #stocks jump amid #AI enthusiasm $QQQ $TQQQ
Hopes that lawmakers are getting closer to a deal on the debt ceiling sent the Nasdaq 100 surging. And adding to the regained investor appetite is the perspective of AI adding hundreds of billions in revenues. But is the market not getting ahead of itself? The Relative Strength Indicator (RSI) is now flashing overbought signals. Just as Fed members assured investors they are not looking to cut interest rates and this afternoon Fed Chair Powell is set to speak.