Navigating Nasdaq's Surge and the Red Sea Ripple

January 28th, 2024 Update

Very quick update this week.

Let’s have a look at the Nasdaq first:

It closed 1% above last week, the 12th positive week out of the last 13. I expect it to keep grinding higher as long as there are no disruptions from the interest rates side of the market. Note: it might decline next week and the following in the short term, I don’t know. Yet, I see a clear uptrend right here until proven otherwise. The #AI trend keeps pushing the index up.

What about interest rates then?