Serenity: This correction appears to be a clear buying opportunity, bullish on Micron, Intel, and TSMC

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

This decline is mainly driven by some untenable narratives, such as market rumors of three interest rate hikes by the Federal Reserve this year. However, there is actually no new macroeconomic data to support this claim (the real data will not be released until Thursday).

If institutions truly believed in the bearish logic of three rate hikes, as proposed by Bank of America (BofA), they should have been arbitraging through CME futures or prediction markets. However, the reality is that these markets still show approximately a 74% probability of no rate hike in July, which does not reflect the so-called aggressive rate hike expectations."