⚖️ Macro & Market Dynamics

• Trump’s Greenland tariff threat is impacting futures, with Nasdaq seeing a sharp retreat at -1.12% despite the MLK holiday 1.
• Market pullbacks are inherent; minor catalysts trigger 2-3 times annually, major ones once. History shows markets consistently recover, trending higher two years post-panic 4.

📊 Technical Analysis

• For $SPX, nearest downside gap fills are identified at 6,858, 6,774, and 6,721 2.

💻 Semiconductor & AI Infrastructure

• The Micron-PSMC deal’s logic is puzzling; 20,000 wpm capacity represents <1% of global DRAM, rendering it an insignificant play 3.
• RUBIN’s impact on #CRDO is overblown, possibly a misjudgment. It targets internal NVLink backplanes (e.g., Amphenol), not CRDO’s core