Serenity: This pullback clearly appears to be a buying opportunity, optimistic about Micron, Intel, and TSMC

BlockBeats News, June 23, Serenity posted, 'For me personally, this pullback looks like an obvious buying opportunity, with targets including Micron Technology (MU), Intel (INTC), and TSMC (TSM). This decline is mainly driven by some unfounded narratives, such as the market's rumor of three rate hikes by the Federal Reserve within the year. However, there is no new macroeconomic data to support this claim (the actual data won't be released until Thursday). If institutions truly believed in the bearish logic proposed by entities like Bank of America (BofA) regarding three rate hikes, they should have been arbitraging through CME futures or prediction markets. But in reality, these markets still show about a 74% probability of no rate hike in July, which does not reflect the so-called aggressive rate hike expectations.' [Original link]