Semiconductor stocks aren't stagnant; they're rising slowly, selectively, and gradually. Funds have clearly shifted from NVDA to AMD. At this point, I only believe that Lisa Su can lead a new wave of semiconductor rebound. As long as the S&P 500 doesn't break 7500, the pre-Christmas bullish trend lies here. I started looking for a short-term rebound in SPY last Thursday, and called for AMD at the bottom last Friday. I believe this CPI increase is already in line with expectations, and I also mentioned two rate hikes this year during the last rate hike. The rate hike issue has been partially priced in. A rebound in US stocks will hopefully allow everyone to have a good New Year.