The Nasdaq remains stuck in a range as traders await the US CPI and US-Iran risk premium increases

FUNDAMENTAL OVERVIEW The Nasdaq has been mostly rangebound since the last FOMC decision due to the Fed tightening risk and overstretched positioning. We saw with the South Korean stock market (KOSPI) how overstretched positioning and a hawkish central bank are not a good mix for the market. The KOSPI officially went into bear market yesterday after falling…

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