Three consecutive days of double-digit gains, the fastest three-day growth in my trading history, and another all-time high of my account… againnnnnn. [Heart] [Heart] [Heart]
Modified in.08-04
Fed Holds Rates 10-2; Can Tech Valuations Hold?
QQQ rose 0.60% and the S&P 500 added 0.28% in the Wednesday, October 28 U.S. session, with index reaction restrained after the Fed held rates at 3.75%-4.00% on a 10-2 vote. Tech kept diverging: AMD gained 3.24%, Nvidia fell 1.17%, signaling no broad adding to high-multiple names. Bulls point to steady rates and earnings that can grow into valuations; bears to inflation delaying cuts and, with Alphabet sliding post-earnings, long-duration assets squeezed by yields and capex. What would most convincingly show that tech valuations can withstand the next rate move?
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