Semiconductors – It’s a bit of a big deal
September 24, 2022 Leave a comment
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
rob@karriasset.com.au
rob zdravevski's blog 