How low NASDAX will go.. RECESSION 2023I hope everyone watches the Feds decision on December 15th morning and Federal Powell speech at 2:30pm. Yes it’s pretty bad.. so at Europe the economy are slowing down and USA economy are slowing down as well.. even though everyone is spending less to avoid the highest expenses.
The Feds will continue to fight against the inflation because it hasn’t reached their goals 2% ..it will be awhile and very far to go. In 15 years in continuing highest rate of all time taking Target between %4.25 & 4.5%, Along with the increase came an indication that officials expect to keep rates higher through next year, with no reductions until 2024.
Yup you know this everyone .. severe Recession is really coming….
For NASDAQ I am keeping my only eye over than US30 because we all know US30 will bottom around 24000 area or lower as we might see.. for NAS buy zone should be at 10K, 9500 or worse about 8000.. big feeling 8000 or 9500 could be the bottom forming for NAS because of the Feds decision because now everything is still going to be expensive. If you still have loans , credit cards or something be sure to pay them off before we be getting a massive hit start into a recession as fears are coming into a close into it.
Hope y’all have a good day .. save lots of money as possible.. invest of your average money .. don’t go all in until we are bottom.
How far nas will go and US30 ? What are your analysis.
