The Nasdaq also experienced a similar consolidation from July to September this year. It then resumed its upward trend and rose further after Trump's election, and has now broken through the high level in July.
Although the consolidation mode has been entered in the past few days, there is a possibility that the trend at the beginning of will be replicated after the consolidation ends.
First, from the perspective of macroeconomic fundamentals, the U. economy thailand phone number list has successfully achieved a soft landing and continues to be strong. The labor market remains resilient and the price index is also moving in a positive direction. The new president's businessman background and his campaign promise to revitalize the U. economy have made the market believe that the U. economy can continue to grow.
Secondly, in terms of monetary policy, the interest rate cut cycle has begun. Although the Federal Reserve slowed down the pace of interest rate cuts in December due to better economic data, it seems that liquidity is a little lower than expected, but from another perspective, as long as the US economy continues to grow, it can offset the negative impact of slowing down interest rate cuts.