Everyone is expecting the Fed to announce 75bps hike while discussing possibility of 100. Look out for the q&a session where JP will reiterate the hawkish stance. This round, markets will continue to sell down, unlike previous where broad Rally followed through. There is no sense in buying stocks at these valuations, especially techs. Bitcoin carnage is going to come; the excess liquidity is going to dry up soon & margin calls will speed up the sell off.
The chip sector is going through a bear mkt. what is 4.99% dvd yield when the stock can godown another 10% in this volatile environment.Stay overweight cash or buy longer maturity US treasury bonds is the better option.
Intel's 4.99% Yield And 11x P/E Make It A Value Investor's Favorite