$Direxion Daily Semiconductors

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ This sell-off is honestly a bit ridiculous and doesn't make much sense. OpenAI is still a private company, so this news shouldn't really come as a surprise. It feels more like hedge funds are just using the recent run in semis and the move up in yields as an excuse to push them lower. Now there's a clear disconnect, and if yields keep falling, the setup seems ripe for a rebound. Once SOXX gets back to $600, this could rally hard past $200. On top of that, Trump is starting to look desperate with the possibility of losing Texas, so he may be forced into some kind of deal to lift markets and bring down oil and yields before the midterms.

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