MacroVoices #376 Tian Yang: When the Recession Becomes Obvious
Macro Voices
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The Pain Trade on the NASDAQ QQQ
The pain trade, in my mind, is really the market first going higher before it goes lower. The 4,100 level is a really interesting place where that 50-day moving averages will be. Big Tech has been carrying the market higher for the past few months and could see some downside if these big names start coming down or stagnating overall. But right now I'm bullish as long as these names hold up.
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