In recent months in the US stock market, whenever there are expectations of rate hikes and inflation, hard semiconductors go up, while “soft” big tech, gold, and Bitcoin go down. Conversely, when there’s a trade with no rate hike, the hard ones don’t perform, and the soft ones rise again. As for the so-called question of whether trading “includes rate hikes,” it’s not really a true rate hike or a true no rate hike—it just tracks oil prices, which apparently are controlled by Trump’s mouth. So it turns out that “Uncle Trump” is the real “verbal capital” 🫡