$Advanced Micro Devices (AMD.US)$ many of the Capital equipm...
$Advanced Micro Devices (AMD.US)$ many of the Capital equipment manufacturers and Chip stocks have already rotated down and are approaching or touching their 20-day moving average. AMD is way above its 20 day as is NVIDIA. I don't anticipate chairman Powell derailing the market I expect them to say the same bullshit that he said in the least the past two meetings where he has a double stance where inflation is still not out there 2% and he won't have to worry about it because when Trump wins he's gone.. and they're still data dependent because there's going to be another unemployment report before September so more of his bullshit data dependent data dependent horse shit and you will get a question just like last time, asking if are more inclined to cut 50 basis points or 25 and you'll hear the same shit as last time that they have not made any determination as of yet. so I expect we get a little bit of a bump tomorrow and then next week going into Nvidia we got to sell off across the board and all the tech stocks.
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