CPI SAVES STOCK MARKET, CHINA TAIWAN TENSIONS HURT SEMIS – MOMO CROWD BUYS THE DIP, IRAN TRUCE MORE FRAGILE
By Nigam Arora
To gain an edge, this is what you need to know today.
CPI Saves Stock Market
Please click here for a chart of leveraged semiconductor ETF (SOXL).
Note the following:
- The semiconductor mania has been largely responsible for levitating the entire stock market. For this reason, smart money keeps a close eye on semiconductors.
- The chart shows that yesterday leveraged semiconductor ETF SOXL started the day higher than the high of the prior day. This brought in aggressive buying in the premarket yesterday.
- The chart shows yesterday leveraged semiconductor ETF SOXL fell right from the opening of the regular session.
June 10, 2026