This robust rally led by semiconductors (Nvidia and friends) seems unstoppable.
New all-time highs were established this week in the three major U.S. indices after the Federal Reserve signaled that three rate cuts are seemingly still on the table for 2024. This robust rally led by semiconductors seems unstoppable. However, I want to establish an insurance trade in the event chip stocks come up for a breather short-term or reverse some of this rally.
mountain iShares Semiconductor ETF vs. the S & P 500 The continued euphoria and associated demand for artificial intelligence semiconductors has boosted several chip stocks such as Nvidia, Broadcom and AMD. These three stocks alone are collectively up 150% on a one year look back and also make up nearly 25% of iShares Semiconductor ETF .
Click here for the full disclaimer.Tony Zhang
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