$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Trying to piece together the current market logic. The USD and 2-year yields are rallying, primarily based on the previously hawkish dot plot, which itself was built on high oil prices at the time. So, the market now views the Fed's dot plot as stale and doesn't believe a rate hike is coming. Instead, once economic reports over the next 2+ months reflect the impact of fallen oil prices, the market expects the Fed to catch up and pivot to cuts. That's why the 10-year yield is staying flat while rate-sensitive sectors like Housing are rallying—they've already priced in the dot plot being completely outdated. Therefore, outside of the USD and 2-year yield rallying, the rest of the market is al
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ BTC.X$iShares Silver Trust(SLV)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ My take on Waller today: His voice sounded a bit nervous, but he seemed very sharp and calmer than Powell. I like him so far. He wants the Fed to deliver on its promises and prefers not to provide unnecessary future guidance. He pointed out that outdated survey methods from decades ago are used to produce important economic reports, which is too lagging. He wants to modernize this using AI to get more real-time data. There are several task forces to improve the Fed's
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ There was some speculation about money rotating out of tech, especially chips, into other beaten-down sectors that could benefit from falling oil and the USD. But the AI boom is just too big to ignore, and it attracted most of the money today.