Frank Holland breaks down what traders are watching and buying heading into Friday's session.
Word of the Day: Relieved Malcolm Ethridge of CIC Wealth said if the Federal Reserve cuts by a half point, it could have the opposite effect investors expect on the market. "Anything more than 25 basis points will send a negative signal to the market," said Ethridge. "This is a market that has been hanging on to every single Fed meeting for the last two years. Anything more than a slight escalator down, would actually scare us.
"Sentiment and psychology in tech and semis has shifted in the last 6 weeks from 'give me more semis, more concentration, more AI', to the opposite 'give me a reason to sell some of these winners' and move these assets to other areas," said Klein Klein says he believes long term investors should consider buying the dip on Broadcom , but short term sees more pressure on the semiconductor sector.
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