Just a hunch but especially since the tariff's from this week didn't go into effect and now China is pushing back again - speculation could begin that Trump bring those tariffs back into the conversation if China doesn't move on their promises... Plus inventory should be ridiculously high for most of the semis.
It's bizarre how well semi stock prices are doing given the weakness of their earnings right now.
StockPickingEnthusiast
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@ChristopherCarrollSmith, Everything about this trading vehicle screams capital outflows are happening underneath retail investor's noses. CMF shows huge negative divergence.
@StockPickingEnthusiast, indeed! I picked a small SOXL position after hours yesterday near 171, and I plan to hold it long term. I'm hoping for more earnings misses by semiconductor companies so I can buy more even lower.