Serenity: The current pullback seems like a clear buying opportunity, bullish on Micron, Intel, and TSMC

Odaily news, 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 primarily driven by some unfounded narratives, such as market rumors of three rate hikes by the Fed this year, despite no new macroeconomic data supporting this claim (the actual data will be announced on Thursday).

If institutions truly believed in the bearish logic of three rate hikes like Bank of America (BofA) suggested, they should have arbitraged via CME futures or prediction markets. However, in reality, these markets still show approximately a 74% probability of no rate hike in July, not reflecting the so-called aggressive rate hike expectations."