Independent Agencies Under Threat: Fed May Face Pressure Despite Cook's Victory

The news headline hints at a potential threat to the Fed's independence, which could negatively impact overall market sentiment. However, GOOGL stock maintains a moderately bullish technical trend, with the RSI at 56.9 in neutral territory and the MACD remaining positive above its signal line. The stock is trading above its 20-day SMA ($345.75) and has recorded a 2% gain in the last 24 hours. Therefore, while macroeconomic uncertainties may limit upside movement in the short term, the current technical structure does not support a sharp decline. As a result, the stock is expected to trade sideways in the near term.

The news headline implies a potential threat to the Fed's independence, which could create uncertainty in the markets. However, technical indicators suggest short-term bullish momentum, with the RSI at 63 and the MACD positive above its signal line. The price also remains above the 20- and 50-day moving averages, which is a positive sign. Due to the contradiction between the negative impact of the news and the positive technical outlook, there is no clear directional signal. Therefore, a sideways movement can be expected in the short term.

Although NDX has recorded a strong rally of over 3% in the last 24 hours, the RSI at 65.7 is approaching overbought territory. While the MACD remains positive and above the signal line, the news headline highlights political pressure on the Fed. This could increase market uncertainty in the short term and limit further upside. Despite technical indicators signaling strong momentum, a sideways trend is expected due to political risks.