SOXL chads, we're back, or rather, we never left.
Fed members starting to talk about rate cuts. If you look at the
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html the September meeting is pricing in an almost 90% chance of a 25 basis point cut.
The market will go nuts over any cut, but tech stands to benefit the most. All of the capital expenditure on AI has been done under relatively restrictive fed rates. Imagine if rates come down? NVDA to the moon, SOXL to the moon.
