Hot PPI data? The bulls couldn't care less.
Yesterday’s PPI report came in way hotter than expected (core inflation surged), causing an initial knee-jerk dump in tech and $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ .
Bears had their fun for about 5 minutes before the dip-buyers aggressively stepped back in.
Key takeaways from yesterday's session:
• Bulls are relentless: Dip buyers ate up the early inflation scare almost instantly.
• Tech & AI Resilience ($ProShares UltraPro QQQ(TQQQ)$ ): High-beta tech absorbed macro headlines with ease and rallied right back up.
• Semis Leading ($Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ ): The AI infrastructure demand thesis remains so strong that macro inflation noise isn't keeping chip stocks down for long.
Whenever a "bad news" headline produces a quick selloff that gets immediately bought up, it’s a classic signal of underlying market strength.
What are you buying on these micro-dips?
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