The post-FOMC rally faded quickly as Nasdaq 100 and S&P 500 futures reversed on renewed US–China geopolitical tension and fresh AI valuation concerns. DeepSeek’s alleged use of smuggled Nvidia Blackwell chips and Oracle’s weak revenue hit sentiment. Still, Nasdaq 100 technicals remain constructive, with improving market breadth supporting a continued medium-term bullish bias.
11-12-2025 09:50 GMT
by Kelvin Wong