Yesterday, the yield on the 10-year US Treasury bond exceeded 4.7%,
and oil prices are now at $92 per barrel.
Just yesterday, the market situation was so good that all Philadelphia Semiconductor had to do was stay above the 20-day line.....
Micron narrowly crossed the 20-day line and closed, while Philadelphia Semiconductor closed down.
As a result of the Nasdaq crash, Korean tech stocks are also falling, with foreigners selling off risk from this morning.
Fortunately, it seems that individuals who were thought to have disappeared are buying them up.
It's unclear how far foreigners will sell, but they are unlikely to dump the amount they have bought so far.
The early morning session is likely to see one-sided buying by individuals.
If foreigners stop selling and we're lucky, there could be some rebound in the afternoon session.
However, in this kind of market, it's dangerous to rely on luck and buy. You should always watch the market until the end and plan your strategy accordingly.
If the 10-year Treasury bond yield exceeds 4.7%, it is actually a bad thing for big tech companies.
Big techs are issuing corporate bonds and even increasing capital through rights offerings to invest in CAPEX, and they are using loans from private equity funds on top of that. So, rising interest rates are a huge burden.
Oracle is particularly vulnerable in this situation, so if it collapses, everyone else will go down with it.
This is something that even President Trump and Iran are aware of.
Originally, TACO would have come up a couple of times, but the fact that it hasn't appeared even once so far suggests that
Iran is not going to be easily dragged along by the US.
The probability of a US interest rate hike in July has exceeded 60% on Polymarket.
If the war continues, big tech companies' liquidity is likely to deteriorate, which will inevitably have a negative impact on infrastructure and semiconductors.
I sincerely hope that the war in Iran will end soon.
