US Sanctions Against Chip Sales to China Deflate Stocks (6/28/23)

(6/28/23) The latest threat to the chip industry is a proposed Biden Administration trade sanction against Chine--restricting sales of AI-related chips from companies like NVDIA. Washington remains concerned about the impact of artificial intelligence; Chip stocks may be under pressure today as a result. As we move into the final days of the month (and the Quarter), markets yesterday got a nice, 1% bounce, as expected. The moves reversed the corrective action in the markets. Surprisingly, Volatility remains extremely low, demonstrating the correlation between volatility and Fed rate hikes and the lag rate thereof. Keep a watch on the VIX and the propensity to spike from these low levels. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=VwG1fzY5p5s&list=PLwNgo56zE4RA3snVQyugvOF5TwZ1Xu7bm&index=1 ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #China #TradeSanctions #ChipStocks #NVDIA #AI #VolatilityIndex #VIX #Inflation #FederalReserve #QuarterEndRebalancing #Money #Investing