US Core Inflation Comes in Soft, Anthropic in Talks to Acquire Decart AI

Soft core inflation data increases the likelihood of a Fed rate cut, which could support risk appetite. This may have a positive short-term impact on the index. Technically, the price is above the SMA20 and SMA50, with the RSI in neutral territory and the MACD slightly below the signal line but still positive. The news flow and technical outlook point to limited upside potential. However, the impact of macro data may remain limited, so cautious optimism is more appropriate than a strong rally.

Soft core inflation could strengthen expectations for a Fed rate cut, supporting risk appetite. This creates a positive short-term catalyst for the tech-heavy NDX index. Additionally, Anthropic's talks to acquire Decart AI indicate continued consolidation in the AI sector, which may increase interest in tech stocks. On the technical indicators, RSI at 58 and MACD above the signal line suggest that the current upward momentum is maintained. However, despite the index being above SMA20 and SMA50, I foresee a moderately positive trend rather than a strong rally, given the limited gains in the last close and prevailing uncertainties.