'LAME DUCK': There won't be much more been out of Powell Fed, exec says

Market Overview - The technology sector is performing exceptionally well, particularly in semiconductors, while software is experiencing a downturn [2][4] - Defensive sectors such as healthcare, staples, and real estate are underperforming [2] - The market is showing signs of a rally, but it is primarily driven by large-cap stocks, with fewer stocks trading above their 50-day moving average [4] Semiconductor Industry - Year-to-date performance shows significant gains for companies like SanDisk (up 105%), Western Digital (up 48%), and Micron (up 45%) [5] - Seagate is noted as the top percentage gainer for the day, up 20% [5] - There is a growing interest in semiconductor stocks as investors are discovering hidden gems that Wall Street has overlooked [6] AI and Market Sentiment - The AI trade is still in its early stages, with expectations for further expansion [6] - The market's ability to rally without significant monetary stimulus is viewed positively [7] Federal Reserve Influence - The modern Federal Reserve, particularly under Alan Greenspan, has changed how market participants react to Fed announcements [8][9] - Current Fed Chair Jerome Powell's leadership has resulted in strong annualized returns, despite some short-term volatility [11][14] Boeing and Tourism - Boeing is showing signs of recovery with new management and increasing orders, while global tourism has returned to pre-COVID levels [18] - The company is expected to turn cash flow positive this year, which could improve its financial outlook [18]