Svmuu News: Serenity posted, “To me personally, this pullback looks like a clear buying opportunity, with targets including Micron Technology (MU), Intel (INTC), and TSMC (TSM).
This decline stems primarily from some unfounded narratives, such as market speculation that the Federal Reserve will raise rates three times this year—yet there is actually no new macroeconomic data to support this claim (the actual data won’t be released until Thursday).
If institutions truly believed in the bearish logic of three rate hikes, as proposed by Bank of America (BofA), they would have arbitraged through CME Group (CME) futures or prediction markets. But the reality is that these markets still show a roughly 74% probability of no rate hike in July, which does not reflect the so-called aggressive rate hike expectations."