RoboForex Team
Well-known member
US Tech rises on optimism in the AI sector
US Tech has reached a new all-time high and is now correcting. The current price is 30,682.
US Tech forecast: key takeaways
The combination of two factors — a sharp rise in long-term US Treasury yields and a much stronger-than-expected services business activity index — is creating a primarily negative backdrop for US Tech. This does not point to a deterioration in the US economy.
This is particularly important for US Tech. Technology companies are valued to a large extent on the basis of expected cash flows and profits to be generated many years into the future.
RoboForex Market Analysis & Forex Forecasts
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
US Tech has reached a new all-time high and is now correcting. The current price is 30,682.
US Tech forecast: key takeaways
- The US Services Purchasing Managers Index rose to 58.7
- The yield on 30-year US Treasuries rose to 5.44%, the highest level since 2004
The combination of two factors — a sharp rise in long-term US Treasury yields and a much stronger-than-expected services business activity index — is creating a primarily negative backdrop for US Tech. This does not point to a deterioration in the US economy.
This is particularly important for US Tech. Technology companies are valued to a large extent on the basis of expected cash flows and profits to be generated many years into the future.
RoboForex Market Analysis & Forex Forecasts
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
