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Eshal fatima
I'm actually not that pessimistic about the semiconductor trend this week. Wash's hawkish tone in his Jackson Hole speech isn't a bad thing; it's the dovish stance that's the real problem 🧐
Hawkishness will indeed suppress valuations in the short term, but for long-duration assets like semiconductors, the outcome might not be bad.
After the speech, the 2-year US Treasury yield rose from about 4.22% to 4.35%, and the probability #LaborMarketTestsWalsh #BTCGoldCorrelation #BroadcomDellAIResults
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