A policy shift to reduce the number of FOMC meetings under the “Wach Plan” is creating systematic pressure on overvalued semiconductor shares. The Federal Reserve is trying to lessen the market’s overreliance on policy signals by cutting meeting frequency, but this adjustment may backfire in the current inflation environment.

Investors’ reaction to policy uncertainty first shows up in the bond market: yields at the long end and the term premium rise, and the cash-flow discount rate increases. This directly hits semiconductor companies that rely on forward profit expectations. Even if earnings growth remains strong, valuation sensitivity will be significantly compressed.

For leading players like $MU, in the short term they may hold up relatively better due to fundamental resilience, but under the shadow of changing policy expectations, any valuation “bubble” will face persistent suppression. Market anxiety is intensifying, and the rising term premium could be the final straw that breaks highly valued tech stocks.
$BTC

📊 Technical analysis:
Current price: 837.46 USDT
🟢 Support level: 819.47 (2.26% away from the 1H benchmark)
Support range: 807.61 - 819.47
🔴 Resistance level: 849.72 (near resistance—watch the risk)
Resistance range: 931.73 - 931.76

💡 Entry strategy: Near the support level, place a buy limit order; if the price breaks below support, stop loss
$MU