Serenity: Recent Pullback Appears to Be a Clear Buying Opportunity, Favoring Micron, Intel, and TSMC

On June 23, 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 due to some unfounded narratives, such as the market's expectation of three interest rate hikes by the Federal Reserve this year, but in reality, there is no new macroeconomic data to support this claim (the actual data will be released on Thursday). If institutions truly believed in the bearish logic of three rate hikes proposed by Bank of America (BofA), they should have arbitraged through CME futures or prediction markets. However, the reality is that these markets still indicate a probability of about 74% for no rate hike in July, which does not reflect the so-called aggressive rate hike expectations.