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Trader degentrading says semiconductor overhang may cap rebound as he favours China tech and crypto

NewsFeeds update

Trader degentrading (@degentradingLSD) said trapped long positions in semiconductors could limit any rebound to selling near break-even unless a painful liquidation brings a V-shaped recovery. He cited Citrini's view that AI capital spending growth has peaked and said he sees long opportunities in Chinese tech stocks and crypto.

MacroChainCatcherAIBullish

Read the original on ChainCatcher

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Every Macro update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.