Despite the massive sell-off, the strong fundamentals remain unchanged! Citigroup continues to be bullish on the chip industry, with Micron Technology as the top pick.
Citigroup remains bullish on the semiconductor industry, as the bank believes that spending related to AI and memory will not slow down in the short term.
What is smart money doing after the market crash? Buying at the bottom!
Last week, the overall trend of US stocks showed a slight net buy, which was not offset by a large number of short sells. Nine out of the 11 sectors of the US stock market had a net buying trend, with technology and finance sectors leading the way.
FTSE 100 Seen Opening Higher After Volatile Week -- Market Talk
What will happen to the US stock market every time the VIX soars?
Bank of America Merrill Lynch pointed out that in the 4 to 8 weeks following the first surge of the vix index, the S&P 500 index tends to struggle; when the vix surges to over 45 points within a week, the S&P 500 index often achieves a high ROI in the following 13 weeks, 26 weeks, 39 weeks and 52 weeks.
Morgan Stanley: The US economy is slowing down, not collapsing, and the market will continue to be "tight" until the data is verified.
Morgan Stanley still insists that the US economy has resilience and is expected to achieve a soft landing, but also suggests that the market may continue to question the soft landing view until some "good data" emerges.
Markets to Remain 'Very Volatile,' OCBC's Menon Says