As inflation is still at an alarmingly high level, the Fed indicated recently that the rate hikes will continue as of now. However, as inflation shows signs of cooling, the rate hike regime might end in the near term. This should bode well for the rate-sensitive Nasdaq Composite.
This offers the right opportunity to scoop up quality Nasdaq stocks, Adobe Inc. (ADBE), Fortinet, Inc. (FTNT), and Cintas Corporation (CTAS).
