Equity Trade – Time to Short the Semiconductor Sector
- By John Tierney
- 4 min read
Summary
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- The strong equity rally in the S&P 500 (SPX) and particularly the NASDAQ 100 (NDX) has come amid declining earnings forecasts, and analysts have recently downgraded forecasts further.
- The semiconductor sector has been particularly robust even as earnings forecasts have fallen by 15% since the year began.
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