The Nasdaq has a weak seasonal time of the year into the middle of March over the last 25 years. Despite having a winning seasonal outlook form a percentage point of view – the average decline is nearly 1.5% from Jan 18th through to March 13.
The recent strong US retail sales print and hawkish comments from Fed’s Waller have led markets to push back against STIR market pricing of 5+ Fed rate cuts this year. So, does this mean the Nasdaq is due for more falls heading into mid-March?
Check out the video for more details!
The major trade risk here is that Fed’s Waller said that the timing and number of rate cuts would ultimately come down to the incoming US Data, so the rate path is highly uncertain right now.
Remember don’t just trade it, Seasonax it!