Serenity: This pullback appears to be a clear buying opportunity, bullish on Micron, Intel, and TSMC
BlockBeats News, June 23rd, Serenity stated, "For me personally, this pullback appears to be a clear buying opportunity, with targets including Micron Technology (MU), Intel (INTC), and TSMC (TSM)."
This decline is mainly due to some shaky narratives, such as the market's speculation about the Fed's expected 3 rate hikes this year, but in reality, there is no new macroeconomic data supporting this claim (the actual data will not be released until Thursday).
If institutions truly believed in the bearish logic of 3 rate hikes proposed by Bank of America (BofA), then they should have arbitrated through the CME futures market or prediction markets. However, the reality is that these markets still indicate a probability of no rate hike in July of about 74%, without reflecting the so-called aggressive rate hike expectations."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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