Nasdaq 100: Deteriorating market breadth does not bode well for the bulls
Nasdaq100 is at risk of shaping a multi-week corrective decline due to over concentration risk from Nvidia and deteriorating market breadth
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Nasdaq100 is at risk of shaping a multi-week corrective decline due to over concentration risk from Nvidia and deteriorating market breadth
The US Dollar Index (DXY) is currently trading with mild gains at 104.3, a level close to Friday's peak of 104.50.
With a key inflation report due Friday, mortgage rates and long-term Treasury yields have retreated to levels not seen in two weeks after Fed signals it could ease up on "quantitative tightening."
The FOMC will set interest rates again on May 1. Rates are not expected to change, but a summer cut could be coming.
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