Thomas Hayes reacts to Peter Tchir’s year-end Fed rate cut prediction

Bullish Gator

Thomas Hayes reacts to Peter Tchir’s call for Fed cuts by year-end as Micron (MU) shares slide, outlining market implications.

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What stands out

Thomas Hayes appeared on Fox Business to push back, gently, on Peter Tchir’s call for Federal Reserve rate cuts by the end of the year, all while Micron Technology shares are slipping. It matters because the debate about timing of cuts is the simplest way to move big, risk-sensitive stocks like Micron, an earlier cut tends to lift cyclical growth and semiconductor capital expenditure (capex) expectations, a later one keeps discount rates high and multiples compressed. For anyone holding MU, the clip is a reminder that macro narrative and memory cycles move together.