David Analyst

The 2023 US banking crisis didn't cause a sharp market crash. Instead, the Federal Reserve's release of liquidity and the emergence of ChatGPT led to a significant surge in the US tech sector against the trend. Therefore, shorting the Nasdaq is not recommended.
Likewise, the taco trade, which is betting on Trump backing off on tariffs, continues to hold, which is also bullish for the tech sector. Coupled with Oracle's release of a 35% gross profit margin forecast, the news is good for the AI sector. In the short term, the Nasdaq is still mainly bullish at low levels, but stop-loss needs to be set.