Technology
Semiconductors Distort The Message From Asian Trade…
A Mild Recession Won’t Preclude A Deep Equity Correction…
European Asset Returns Post Carry Trade Unwinding…
Bifurcated Demand For Semiconductors…
China Is Stockpiling High-End Memory Chips…
There has been a decoupling within the global semiconductor industry. Demand for AI and advanced chips has been booming. Yet, sales of legacy and non-AI semiconductors have failed to recover. Given their spectacular run-up, share prices of high-end and AI-chip producers might continue selling off even if their sales continue to grow rapidly.
Already Optimistic Earnings Expectations Continue To Improve…
Equities And Elections…
Favor Health Care and Utilities for defensive positioning amid economic slowdown and volatility as the presidential election approaches. A Republican Sweep favors Real Estate and Materials, while the second most likely outcome, Democrat gridlock, favors Health Care, and Information Technology.
Fade The Strength In July’s NODX…