The Federal Reserve has telegraphed the kickoff of their interest rate cutting campaign to begin next week.
I believe a quarter-point interest rate cut is their first step but, a half-point interest rate cut (which has the ability to roil markets) has recently been floated strongly.
The Nasdaq-100 dropped 6% last week and is now up nearly 5% this week, these are not normal market conditions.
QQQ YTD mountain Invesco QQQ Trust, YTD The Cboe Volatility Index , yet elevated, is not showing current signs of panic.
The trade The CME Fedwatch tool is narrowly favoring a 25 basis point interest rate cut but, it is oddly closer to a coin toss than it was last week.
Persons:
pont, QQQ
Organizations:
Federal Reserve, Fed, Nasdaq, CNBC, NBC UNIVERSAL