In The Arora Report analysis, such a move will be a serious error in judgment. The reason is that the advanced equipment China needs to leapfrog the U.S.in semiconductors is made by ASML Holding NV (NASDAQ: ASML) in the Netherlands and Tokyo Electron in Japan.
In The Arora Report analysis, there is a fair probability that the report is not truly as it seems and may simply be a manipulation by large funds who bought semiconductors near the highs and are now sitting on large losses to run up semiconductors so they can exit with smaller losses. The Bank of Japan finally hiked its interest rate. Yen is stronger. As full disclosure, there is a position in yen ETF FYX in the ZYX Allocation Model Portfolio from The Arora Report.
For the time being, the power of the technical rally from oversold conditions and China loophole is overpowering the negative from Microsoft earnings and Bank of Japan's rate hike.
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