Great Recession
- Thread starter traider
- Start date
Not yet, Apple is not even 10% off its highs.
Warren dumping it is this weekend's news. Wait for Monday
Ken C loved the Bear, I hope he was playing his favorite ETF, the SOXS.
Soxs has had insane returns in the last 3 weeks. Absolutely no one saw this coming since the semiconductors have been extremely red hot the last 5 years. Literally outpacing all indexes....now they gave lost major major value. I mean up until last week the SMH was consistently touching new high after new high after new historical highs.....
And I will say without the semiconductors tech could be quiet for a long time. ..
that’s last quarter selling, he may not be stopping at that, perhaps his entire holdings.
SMH is the canary in the coal mine in this market. Semis are the new industrials and continued selling means trouble everywhere. I think the real economy was always fragile just look what happened when 3 regionals collapsed last March. The Fed rolled back 9 months of QT because they thought contagion was coming.
The rally was a counter cyclical one based on Enterprise spending in AI in the trillions mainly in NVDA. I read the SMH (as well as SOXX) did so well because it was market cap weighted vs the XSD which was equal weight. The AI spend didn't even really help the software companies that much, it mainly benefited the datacenter stocks like NVDA, AMD, AVGO, SMCI, etc.
The rally was a counter cyclical one based on Enterprise spending in AI in the trillions mainly in NVDA. I read the SMH (as well as SOXX) did so well because it was market cap weighted vs the XSD which was equal weight. The AI spend didn't even really help the software companies that much, it mainly benefited the datacenter stocks like NVDA, AMD, AVGO, SMCI, etc.