One thing I love about this industry is hearing everyone talk about their travel plans after a big project comes to an end. Everyone enjoys the money that they worked so hard for
Okay so market just priced in a potential December hike.
Chip stock profit taking has begun for the first wave. (early birds)
I'm watching certain companies still hold levels as the risk management and portfolio rebalancing takes place. We are also seeing Pre-IPO selling for cash to buy in.
The Fed will have to have to face 3 alternatives soon. Will the Fed follow the playbook of it's predecessors or take the alternative path which is undesirable. Short interest was growing towards chips and other speculative positions.
My thoughts: Unless I see orders falling off the table from companies I don't see an issue. Pay attention to the scarcity issues (It's very real) I think companies like Apple mac sells are in very high demand due to ai and now Microsoft is jumping in on it. Openclaw is a real thing.