Post Fed Chair Comments. What's moving on the ASX?
What is moving on the ASX today after the Fed chair's comments? Well the Tech ETF $ATEC trades 3.3% lower, as Powell says more hikes could be needed. But, markets think there's a ~70% chance of a rate hike in July. Pershaps this is one of the reason the ETF $ATEC remains in a bull market, and is up 33% from its $BetaShares S&P/ASX Australian Tech ETF (ATEC.AU)$ $S&P/ASX 200 (.XJO.AU)$ $BetaShares NASDAQ 100 ETF (NDQ.AU)$ $Dow Jones Industrial Average (.DJI.US)$
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