Amazon, NASDAQ and Apple
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The US indices that I follow here at FX Empire all look as if they are going to jump higher, with excitement building around the anticipation of rate cuts and a potential agreement between the Chinese and Americans.
This year, while the S&P 500 has risen by close to 15% (as of Oct. 20), the Roundhill Magnificent Seven ETF has risen by 20%. For investors who want to simply focus on the best growth stocks, it makes sense to invest in just the top companies in the world.
The Nasdaq-100 index looks stretched, suggesting "tactical caution" concerning technology stocks as the market awaits "a heavy dose" of Big Tech earnings and the outcome of the Federal Reserve’s policy meeting,
US stock futures rise in Asian trading as strong Amazon and Apple earnings offset weak China PMI data and Fed caution.
The Nasdaq 100 Index continued its strong rally last week and hit its all-time high of $25,358. It has jumped by over 53% from its lowest level this year, making it one of the best-performing indices in the United States.
According to the latest CPI report, price pressures edged up in September but at a slower-than-expected pace. Furthermore, key inflation metrics reinforced the Federal Reserve's current dovish stance on monetary policy, thereby fueling optimism in the equities arena.
Friedman underscored that many of the forces driving today’s markets — the AI revolution, shifts in labor productivity, and more — are also reshaping the global innovation economy, making it even more important for regulatory bodies to intentionally build pro-innovation ecosystems and expanding the number of places where that’s possible.
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