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- This Tech Stock Has Soared As The Nasdaq Has Dropped
This Tech Stock Has Soared As The Nasdaq Has Dropped

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Yesterday, the Federal Reserve released an FOMC edict and reiterated its prediction for two interest rate cuts before the end of the year.
They also admitted that inflation has firmed up, but also think the economy is going to grow below a 2% annualized GDP rate.
I don’t take much stock in these predictions, it’s more that the Fed stuck to its two rate cuts in order to make the stock market happy. If the market rallies and the economy does better in the second half of the year they won’t be lowering interest rates.
They are trying not to do much now, but if they end up lowering rates inflation will accelerate again.
They said what they had to say to try to make the stock market happy and it rallied after their edict.
However, this morning stock market futures are gapping down.
The market averages all remain below their 200-day moving averages and the resistance prices levels I talked about on Monday.
Check out this tech stock, which has gone up while the Nasdaq fell this year.

Why did this stock go up?
Well, its not an American stock, it’s a Chinese stock and the Chinese stock market has been going up this year.
In fact, almost all stock markets around the world are up this year, except for the US stock market. The falling value of the US dollar is helping make that happen.
I’m not buying BABA, it’s more that I want you to know what is going on beyond just the US stock market and what they talk about on CNBC and Fox Business every day. There is more to investing than NVDA, Bitcoin, and so forth.
Gold traded at a new high again yesterday.
-Mike
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And now, RYSE is aiming to be the next big smart home acquisition.
With 10 granted patents, $10M+ in revenue, and 200% YoY growth, RYSE is transforming window shades from a manual chore to a seamless smart home upgrade. And, they just launched in over 100 Best Buy stores and are expanding into HomeDepot in 2025!
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