Semiconductors – It’s a bit of a big deal

This week, the Philadelphia Semiconductor Index (SOX) mean reverted to its 200 week moving average for only the 4th time in the past 10 years.

I’ll re-iterate that a 200 week moving average is notable. It’s a 4 year rolling mean.

Extra work is required to determining where this downtrend ends, which has seen this index nearly halve in only 9 months.

However, if you think semiconductors are no longer relevant and the theme has no longevity, then this wouldn’t be of interest.

September 24, 2022

by Rob Zdravevski

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