As you can see in the chart, the Nasdaq has completed 5 uptrend waves
We see divergence between waves 3 and 5
Last week, Federal Reserve Chairman Jeremy Powell raised inflation expectations
Despite weak unemployment and nfp data, Powell's Jeremy's emphasis on employment data is still a long way from the pre-Corona era.
We are witnessing a contradiction in the central bank officials as to whether the inflation rate is temporary or continuous
If the market has welcomed inflation
The dollar is expected to strengthen and put pressure on the stock market
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.