
TECH STOCKS HIT BY WEAKENING DEMAND FOR SEMICONDUCTOR MEMORY
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Weakening Memory Demand Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The chart shows when retail sales were released. We wrote in the Morning Capsule: Retail sales were stellar. Here are the details: October Retail Sales came at 1.3% vs. 0.9% consensus. Retail Sales ex-auto came at 1.3% vs. 0.6% consensus. The inference from strong retail sales is that the Fed is going to have to keep on increasing rates even though the Fed is likely to