![]() ![]() This isn’t a popular opinion as you might imagine. Powell is as wrong about rates and labor as he was about transitory. Or, chase any upside rebound buying this morning for a quick – and I mean quick – scalp if there is one. Use any profits to pick up more shares as prices drop. Bernstein is out of the gate already with a trimmed price target. There is no doubt in my mind that Wall Street will push this stock as low as it can, possibly even under $100 a share using every trick in the book to scare out the weak money. Chinese sales or not, this isn’t going to change.īlood in the water. 90% of all the data created in human history has been created in recent years. Chinese sales or not, this isn’t going to change. Chips are not even 1/10th of it … engines, fuel tech, data tech, manufacturing techniques, fiber construction and more. China’s already stolen everything it’s gonna steal and then some. The US government is restricting chip sales to China because they are concerned that chips made here could power Chinese weapons platforms against us. ![]() The markets are red again this morning which makes sense given the crosscurrents. ![]()
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June 2023
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