Why Taiwan Semiconductor Manufacturing, Intel, and ASML Holdings Rallied Today

Suddenly, the "soft landing" scenario is back on. Shares of semiconductor leaders Taiwan Semiconductor Manufacturing (TSM 2.67%), Intel (INTC 3.24%), and ASML Holdings (ASML 5.42%) were rallying today, up 2.5%, 4.2%, and 5.1%, respectively, as of 1:36 p.m. ET. There wasn't much company-specific news today. In fact, there was a slight negative for Intel and slight positive for TSMC. And yet, Intel rallied more than TSMC did today. So the reason behind the sectorwide rally was likely two big macroeconomic dat ...