XLK: Trump Vs. Powell - Tech Rally Now, Big Risk Later?
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XLK is expected to continue its upward trend in the short term due to Trump's potential re-election and Powell's dovish monetary stance. However, rising T-Note yields and potential inflation risks pose challenges for the future.
November 08, 2024 | 4:30 pm
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XLK is likely to see short-term gains due to favorable political and monetary conditions, but rising T-Note yields and inflation risks could impact future performance.
The article suggests that XLK will benefit in the short term from Trump's potential re-election and Powell's dovish monetary policy, which are seen as positive for tech stocks. However, the mention of rising T-Note yields indicates potential inflation risks, which could negatively impact XLK in the future.
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