๐๐๐ฆ๐ข๐ฌ ๐๐จ๐งโ๐ญ ๐๐๐๐ซ ๐ซ๐๐ญ๐ ๐ก๐ข๐ค๐๐ฌ. ๐๐ก๐๐ฒ ๐๐๐๐ซ ๐ง๐จ ๐๐ง๐ ๐ข๐ง ๐ฌ๐ข๐ ๐ก๐ญ.
One rate hike isnโt necessarily the problem.
The bigger issue is a tightening cycle that keeps going while nobody knows where the peak is.
We saw something similar in 2022. After the June hawkish surprise, the SOX Index still gained roughly 15% over the following three months.
Once the market starts getting a clearer picture of where rates could peak, attention can shift back to what actually drives semis:
AI spending, chip demand and earnings.
And AI capex is still a pretty big piece of this story, with data centers and advanced chips continuing to drive investment.
So Iโm watching the Fed guidance more than the headline rate decision.
If the market gets a clearer path toward the end of the tightening cycle, semis could have a very different conversation with rates.
Thatโs the setup Iโm watching on BingX TradFi.
#FOMC #BTC #BTC Price Analysis# #FED $BTC $ETH
One rate hike isnโt necessarily the problem.
The bigger issue is a tightening cycle that keeps going while nobody knows where the peak is.
We saw something similar in 2022. After the June hawkish surprise, the SOX Index still gained roughly 15% over the following three months.
Once the market starts getting a clearer picture of where rates could peak, attention can shift back to what actually drives semis:
AI spending, chip demand and earnings.
And AI capex is still a pretty big piece of this story, with data centers and advanced chips continuing to drive investment.
So Iโm watching the Fed guidance more than the headline rate decision.
If the market gets a clearer path toward the end of the tightening cycle, semis could have a very different conversation with rates.
Thatโs the setup Iโm watching on BingX TradFi.
#FOMC #BTC #BTC Price Analysis# #FED $BTC $ETH
