The tokenized version of QQQ is trading at $704.12 on Binance's market, just above its $701 support floor.
A 66% probability of a 25-basis-point Fed rate hike on September 16th has crushed growth-stock sentiment and driven prices down.
The macro setup for Nasdaq-heavy growth stocks is hostile, with the Fed stating that financial conditions are not restrictive enough despite PCE running at 3.7% year-over-year in July.
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