#ustec

The post Nasdaq 100 (USTEC) outlook for July: AI earnings season to test momentum at key resistance appeared on BitcoinEthereumNews.com. After surging above 30,000 for the first time earlier this year, the Nasdaq 100 enters July in a more complex position. The index retreated from its June highs near 29,500 as a hawkish FOMC and concerns over AI capex sustainability triggered a broad semiconductor selloff. Heading into July, the index faces a key test of whether the AI-driven bull market can hold or give way. The macro backdrop: Fed hawkishness versus softening labor data The recent FOMC delivered a notably hawkish signal, projecting a rate hike before year-end and the median dot-plot jumping to 3.8% from 3.4%. Fed Chair Warsh has since maintained a cautious tone, stressing data dependency and keeping the July meeting guidance deliberately vague. However, the June NFP report offered some relief. Payrolls came in at just 57k, well below the consensus of 115k, with prior months revised d