To The Moon

🚨 The three major U.S. stock indexes fell by more than 1%, geopolitical tensions in the Middle East led to gains in crude oil and other commodities. Gold broke through $2,400, a new high, and then arbitrage fell back. Inflation concerns have shattered expectations for interest rate cuts. An interest rate cut in May is likely to be almost zero, and the chance of a rate cut in June will fall below 30%.

Interest rate cut

Also, chip stocks fell back overall and underperformed the broader market. The Philadelphia Semiconductor Index and the semiconductor industry ETF SOXX both closed down about 3.3%, falling back to their lowest closing level since March 19. After news about the substitution of domestic chips in China's telecommunications field came out, $Intel(INTC)$   closed down nearly 5.2%, AMD fell more than 5% at the beginning of the session and closed down 4.2%. At the close, Micron Technology fell nearly 4%, and Broadcom fell nearly 3%. $Taiwan Semiconductor Manufacturing(TSM)$  stock fell more than 3%.

Semiconductor

Wafer

With a delay in interest rate drop and also accelerated inflation, I believe semiconductor or technology related stocks will continue to remain under pressure. Therefore, I am pessimistic for their movement next week, at least for the short term $Nasdaq100 Bull 3X ETF(TQQQ)$  $Microsoft(MSFT)$  $Amazon.com(AMZN)$  .

How do you think? Do you think investors will weigh on more with AI or interest rate? AI will continue to bring the stocks fly but high interest rate will obstruct their progress. Come and share with us your point of view.

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