Serenity: This pullback seems like a clear buying opportunity, favoring Micron, Intel, and TSMC

Odaily reported that Serenity stated, "For me personally, this pullback looks like a clear buying opportunity, with targets including Micron Technology (MU), Intel (INTC), and TSMC (TSM).

This decline is mainly driven by some unfounded narratives, such as market rumors of three rate hikes by the Fed this year. However, there is actually no fresh macroeconomic data to support this claim (the real data won't be released until Thursday).

If institutions truly believed in a bearish logic of three rate hikes, as proposed by Bank of America (BofA), they should have arbitraged via CME futures or prediction markets. But in reality, these markets still show a probability of around 74% for no rate hike in July, reflecting no such aggressive rate hike expectations."