The Market Ear peers inside the correction. Anatomy of a semis pullback This chart shows Semis drawdowns relative to the S&P500. Outside of big fundamental / risk-off episodes (Fall’22), most ‘pulbacks’ are in the ~10% range +/-relative to the S&P (2021, 2H’23, 1H’24)….BUY BUY BUY….? GS Just another violent pullback On Semis, JPM TMT specialist
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