The Fear Devours AI Greed: The Semiconductor Sector Is Heading for Its Darkest Month Since 2002 and Pulls SK Hynix Down by Almost 50% – but Robust Corporate Earnings Keep the Broad Wall Street Remarkably Stable, Citadel Bets on a Surprising Interest Rate Hike by Central Bank Chief Kevin WarshWhile Falling Oil Prices Following New Iran Talks Ease Inflation Fears – Apple Dethrones NVIDIA As the Most Valuable Company in the World, ASML Trembles Before China’s Self-Made Chip Machines, and Just Ahead of the Fed Decision, Citadel Bets on a Surprising Interest Rate Hike by Central Bank Chief Kevin Warsh
Reading Time: 10 minutes
USA & MACRO-ENVIRONMENT Wall Street presents a deeply divided picture While the giants from the semiconductor sector are once again being sold off, investors are consistently rotating into stocks with better growth prospects – buoyed by a so far convincing earnings season. The broad S&P 500 declines slightly by 0.02% and fluctuates, but its equal-weighted version, which removes the distortion effect of the mega-caps, hits a record high. The tech-heavy Nasdaq 100 loses a noticeably greater 1.13%. According to HSBC strategists led...
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