US July Inflation Sticky, Q2 Growth Unchanged

Sticky inflation increases the likelihood that the Federal Reserve will delay or pause interest rate cuts, which could pressure growth stocks. GOOGL's RSI at 40 signals weak momentum, while the price is below both the SMA20 and SMA50, with MACD in negative territory below the signal line. This technical outlook, combined with the negative impact of the news, supports a bearish bias in the short term. However, unchanged growth data and a limited downside percentage strengthen the probability of a modest pullback rather than a sharp sell-off. Investors should monitor the support zone at the $340 level.

Sticky inflation could cause the Fed to delay or halt interest rate cuts, which is a negative factor for the stock market. Unchanged second-quarter growth indicates weak economic momentum, which may also suppress risk appetite. Technically, the price is above the SMA20 but below the SMA50, with MACD in negative territory and RSI at a neutral level, providing no clear directional signal. In the short term, the news flow and technical outlook support the possibility of a limited downward correction. However, if current price levels find support, a sideways movement also seems possible.

Sticky inflation could cause the Fed to delay or halt interest rate cuts, which, combined with growth concerns, may dampen risk appetite. The NDX is trading below its 50-day moving average, with the MACD in negative territory, indicating short-term weakness. The RSI is at a neutral level, but momentum is downward. The news supports the current technical outlook and could increase selling pressure, although the downside is expected to remain limited.

Sticky inflation increases the likelihood that the Fed will delay or pause interest rate cuts, which could support the dollar. Although the RSI is approaching overbought territory at 67, momentum remains strong and the MACD is positive. The price is trading above the SMA20 and SMA50, indicating that the short-term uptrend continues. However, the elevated RSI and the possibility that the news is largely priced in could limit upward movement. Therefore, I expect a cautious rise.