Nasdaq Retests, Treasuries Yawn
In hisDaily Market Notes report to investors, while commenting on the NASDAQ being retested, Louis Navellier wrote: Q4 2021 hedge fund letters, conferences and more Treasuries YawnInflation stays hot but it's not reducing growth estimates. Despite the Consumer Price Index rising 7% year-over-year, the biggest jump since 1982, it was within expectations. US Treasury interest rates did not react to the new inflation numbers, and the rally in the technology-heavy NASDAQ that began Monday afternoon continues on. Perhaps the best news is that the market is successfully ignoring the soaring Covid nu...