/biz/ - Business & Finance

>>50400220
Mostly FUD from big banks, and niggers getting liquidated. Liquidation is the biggest source of the correlation >>50400259 mentioned since there's a lot of overlap between semi and crypto investors. Both of them have high tech big growth new thing appeal that gets the leverage monkeys excited, and then when one of their investments goes down and they have to deleverage, they sell whatever else they own.

Bank FUD comes from a combination of farts who don't understand what's actually going on in the semiconductor industry repeating each other, and manipulators trying to drive prices down as much as possible so they can accumulate cheap. Manipulators have their in house analysts post FUD to drive the cycle.

A contributing factor is the important parts of semi manufacturing are expensive and the market is allergic to massive capital investment while interest rates are going up. Before you say this only affects certain companies and is irrelevant to others, that doesn't stop anybody's algorithm from blindly selling the whole sector as a basket.