Tech stocks rallied as the bond market moved higher. This rally, however, will probably be short-lived due to stimulus adjustments. Momentum levels in the Nasdaq are unsustainable. That’s why I’ve identified three small-cap stocks that aren’t as sensitive to the probable interest rate hike we’ll see in the future.
This week is short, and I don’t expect a lot of movement. After big holidays, institutional investors usually take a few days to get back into the swing of things. There isn’t much economic data scheduled either. Jobless claims will probably follow recent trends. The Federal Open Market Committee’s (FOMC) minutes from its June meeting will be released today at 1 p.m. ET.
In today’s video, you’ll discover whether the Nasdaq is overbought… whether bonds are moving above their 200-day moving average… how big of a pullback to expect… which stocks are at risk of downward pressure… and the top 3 small caps with the least sensitivity to interest-rate fluctuations.
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