AS CONCERNS ABOUT THE STOCK MARKET IN SEPTEMBER MOUNT, PRUDENT INVESTORS WATCHING SEMICONDUCTORS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
The Leading Sector – AI Frenzy
Please click here for a chart of semiconductor ETF SMH.
Note the following:
- As concerns about weak seasonality in the stock market mount, prudent investors are keeping an eye on semiconductors.
- The chart shows that semiconductors have been the leading sector due to artificial intelligence excitement.
- Semiconductor ETF SMH is up 53.9% so far this year.
- As always, human nature is such that any argument can be justified.
- Stock market bears are justifying their bearish view by pointing to a potential double top as shown on the chart.
September 6, 2023