Nasdaq 100 more likely to retrace back to recent lows than rally again

[MongiIG]

There is currently a big unknown in the markets: the behaviour of central banks. If interest rates continue to climb at current rates it's more than likely we’ll see most, if not all, equity benchmarks hit new lower lows for 2022.

 

If, however, central banks believe that inflation is tamed, the damage to growth prospects has been hit too hard, and the rate cycle is seen as over, there may well be belief.

Serge Berger, from The SteadyTrader.com, says his best case is that, should the message stay the same, at the very least we’ll see a revisiting of those lows.

We also look at the DQAX, USD/JPY and Brent.