NDX flattish as ‘directionless’ trading in the NDX has settled in over the last couple of weeks (NDX alternating gains / losses for 7 straight sessions; stuck at levels we first reached back in June), according to Goldman Sachs top tech specialist, Peter Callahan.
This week promises to be an eventful one (and we don’t even have TMT earnings!) with a handful of company events (TSLA Robotaxi, AMD AI event, etc) on top of an important U.S. CPI print that may contextualize the “too hot” or “not” nature of Fridays’ strong NFP print .. and, remember, China A-shares re-open on Tuesday (with a press briefing from China’s economic policy team).
