{"id":440182,"date":"2026-10-15T22:00:10","date_gmt":"2026-10-15T15:00:10","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaqs-selloff-may-have-been-driven-by-something-more-concerning-than-just-rate-hike-expectations-440182\/"},"modified":"2026-10-15T22:00:10","modified_gmt":"2026-10-15T15:00:10","slug":"nasdaqs-selloff-may-have-been-driven-by-something-more-concerning-than-just-rate-hike-expectations","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaqs-selloff-may-have-been-driven-by-something-more-concerning-than-just-rate-hike-expectations-440182\/","title":{"rendered":"Nasdaq\u2019s selloff may have been driven by something more concerning than just rate hike expectations"},"content":{"rendered":"
\n

The Nasdaq sold off sharply
\n yesterday after US Core CPI came in higher than expected. What\u2019s interesting,
\n though, is that after the initial hawkish reaction, rate expectations further
\n out the curve shifted in a dovish direction, and Treasury yields moved lower.<\/p>\n

Copper, which is often seen
\n as a barometer of global growth, also fell sharply following the CPI release.
\n This might be an early sign that markets are becoming increasingly concerned
\n about the future economic outlook. <\/p>\n

The prolonged Middle East
\n crisis is adding to those concerns, while persistent inflation risks could
\n force the Fed to raise rates more than expected or keep them higher for longer.
\n That could leave the Fed behind the curve if economic conditions start to
\n deteriorate.<\/p>\n

Credit spreads have been
\n flashing warning signs for several weeks, and the equity market may now be
\n starting to catch up. Looking ahead, the Flash PMIs, the FOMC meeting,
\n developments in US-Iran negotiations and the US midterm elections will be key
\n catalysts.<\/p>\n

If economic data starts pointing
\n to deteriorating conditions, the concerns about growth could intensify, putting
\n further pressure on risk sentiment and the Nasdaq. On the other hand, an end to
\n the US-Iran war could significantly change the picture by easing geopolitical
\n uncertainty and improving the growth outlook.<\/p>\n

\u00a0<\/p>\n

NASDAQ TECHNICAL
\n ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On
\n the daily chart, <\/a>we can see <\/a>the Nasdaq<\/a> (US100 CFD contract) is breaking below the major upward trendline. The
\n sellers will likely pile in around these levels, with a defined risk above the
\n trendline, to keep pushing into the 28,742 level. If the price gets there, we
\n can expect the buyers to step in, with a defined risk below the level, to
\n position for a rally into new record highs. The sellers, on the other hand,
\n will look for a break lower to increase the bearish bets into the 26,971 level
\n next.<\/p>\n<\/p>\n

NASDAQ TECHNICAL
\n ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On
\n the 4 hour chart, <\/a>we have a minor
\n downward trendline defining the bearish momentum. If we get a pullback, we can
\n expect the sellers to lean on the trendline, with a defined risk above it, to
\n keep targeting new lows. The buyers, on the other hand, will look for a break
\n higher to pile in for a rally into new record highs.<\/a><\/p>\n<\/p>\n

NASDAQ TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, the
\n broken trendline could act as resistance on a retest. The sellers will likely
\n step in there, with a defined risk above it, to keep pushing into new lows. The
\n buyers, on the other hand, will look for a break higher to start positioning
\n for a pullback into the downward trendline. The red lines define average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a> we get the US PPI, the
\n US Retail Sales and the latest US Jobless Claims figures. We have also Fed
\n Chair Warsh speaking very late in the day in a fireside chat with IMF Managing
\n Director Georgieva. He\u2019s against forward guidance, so he\u2019s unlikely to give any
\n policy signal, but it\u2019s worth keeping an eye on it.<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The Nasdaq sold off sharply yesterday after US Core CPI came in higher than expected. What\u2019s interesting, though, is that after the initial hawkish reaction, rate expectations further out the curve shifted…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-440182","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=440182"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440182\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}