Today's NASDAQ Analysis & Key Issues 📊🌏
China's electric vehicle sales are set to surpass internal combustion vehicle sales for the first time next year. Increased government support has driven consumer preference towards EVs, achieving the goal of 50% EV sales by 2035 a decade early.
This shift could significantly impact U.S. markets, emphasizing the importance of monitoring its developments.
The NASDAQ index QQQ, riding a late Santa Rally, is stabilizing above the 20-day moving average. Investor sentiment appears strong as it hasn't dipped below the 60-day average, and with interest rates slowly declining, the outlook is promising.
Should global conflicts stabilize following Trump's administration, it could provide further momentum for market growth.
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