HSBC Bank: Still expects the Federal Reserve to cut interest rates by 75 basis points in 2025
HSBC Bank stated that it still expects the Federal Reserve to cut interest rates by 75 basis points in 2025.
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Michael Burry suggested that the AI bubble could burst as early as next summer and has replaced all his short positions on Micron, Nebius, SOXX semiconductor ETF, and Palantir with put options to obtain lower cost and higher leveraged short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenues disappoint, capital will quickly flee.