The Nasdaq Is Up 1.28%, but Investors Are Still Buying Tech Stocks

The Nasdaq is up 1.28%. So there's no sign of any kind of turn going on in the Nasdaq. These are the stocks that investors should be selling the most, but they're still buying these stocks because they're more interest rates sensitive. And this shows you that the markets are anticipating a drop in interest rates. They anticipate that because they believe the Fed has succeeded in bringing down inflation.