Vix is down
Pattern Bullish
Key Points
Pattern Bullish
Key Points
- Federal Reserve Rate Cuts: Anticipated rate cuts in the second half of 2024 are expected to boost market liquidity and support stock prices.
- Tech Stock Performance: Projected 25% gains in technology stocks, driven by advancements in AI, are set to propel the Nasdaq higher.
- Election Year Boost: Historical trends of bullish stock performance during U.S. presidential election years support a positive outlook for the Nasdaq.