Market Update – Improving Tone- NASDAQ-100 Breaks Out

Fed rate hike expectations remain almost as volatile as bonds. After the ECB’s 50 bp hike (rather than a 25 bp), Fed rate hike odds for a 25 bp hike next week have bumped up.  Prior to ECB decision, the CME FedWatch Tool showed 61.3% probability of a 25 basis points rate hike. Following the…