The market has become completely desensitized to the US-Iran war and is now betting on two events: Walsh's and Trump's visits to China. Specifically, Walsh's first speech is crucial; this year's interest rate cut target depends on his first speech. His nomination approval is no longer an issue. The second event is what agreement will China and the US reach? After a year of talks, can the final agreement stimulate the market?

Musk will definitely be part of the delegation visiting China. We still need to see if Cook, Jensen Huang, and others will also join. The market has already risen in anticipation.

That's why Broadcom, NVIDIA, and others have been catching up these past few days. They are bound to hit new highs soon. Microsoft, which has been rising slowly from the bottom, looks good and should reach at least 450 before its earnings report.

Memory stocks are now oscillating at high levels. I have already reduced my position (sold some and plan to buy back in the next few days), including basically clearing out my Intel position. While selling, I bought Oracle and purchased Nike last night.

The logic behind buying Oracle is that the market's view of its fundamentals has turned positive. I'm optimistic it will surge to 200 next. The reason for buying Nike is simply because Cook bought it, so I won't hold it for long, maybe just a few days or a week. The proceeds from selling will be used to buy SanDisk.

Personal opinion, not investment advice.

$Micron Tech(MU.US)$Sandisk(SNDK.US)$Western Digital(WDC.US)$Oracle(ORCL.US)