Why I was selling semiconductor stocks

I often mention mean reversion (or convergence) in my posts.

Here is a monthly chart of the Philadelphia Semiconductor Index (SOX).

I think we’ll see it somewhere near 4,000 points.

Perhaps we’ll see ASML trade down to EUR 415 and AMD to $64.50….

August 5, 2024

by Rob Zdravevski

rob@karriasset.com.au