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A rebound in inflationary expectations may act as a headwind for US tech equities
An increase in expectations for a fresh Fed funds rate cut cycle to start as early as July this year has benefitted US tech equities. Forward-looking inflationary expectations in the US have ticked up but seem under-priced. Recent up move in Nasdaq 100 has started to involve into a potential bearish reversal configuration. The recent turmoil in the regional US banking sector has triggered a credit crunch in the US economy, reinforcing the shrinkage of aggregate demand that increases the odds o
by Kelvin Wong
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