The tech sector is experiencing its wildest swings in years:
The semiconductor ETF, $SMH, and the software ETF, $IGV, have experienced 34 daily moves of at least 4% year-to-date.
This is now +278% above the previous full-year record of 9 such moves, set in 2024.
This also exceeds the combined total from the previous 7 full years.
In July alone, $SMH has posted 3 trading days with at least a -4% decline.
Meanwhile, the 3x leveraged semiconductor ETF, $SOXL, has recorded 18 trading days with moves of at least 10% in either direction since the start of June.
Software and semiconductor stocks are seeing unprecedented volatility.
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The semiconductor ETF, $SMH, and the software ETF, $IGV, have experienced 34 daily moves of at least 4% year-to-date.
This is now +278% above the previous full-year record of 9 such moves, set in 2024.
This also exceeds the combined total from the previous 7 full years.
In July alone, $SMH has posted 3 trading days with at least a -4% decline.
Meanwhile, the 3x leveraged semiconductor ETF, $SOXL, has recorded 18 trading days with moves of at least 10% in either direction since the start of June.
Software and semiconductor stocks are seeing unprecedented volatility.
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Boomers watching home prices hit all time highs after buying them in 1969 for 7 raspberries
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βOh come on Rando, Brosnan is clearly not the best Bondβ
Oh yeah? Watch my man blast an absolutely pristine piece of exotic, super-rich tail point blank because she wouldnβt obey, and then immediately establish dominance with body posture.
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Oh yeah? Watch my man blast an absolutely pristine piece of exotic, super-rich tail point blank because she wouldnβt obey, and then immediately establish dominance with body posture.
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HAMMER of JUSTICE: Jack Smith testified under oath that he didnβt intercept the text messages of members of Congress. There is now incontrovertible proof that he did allowing him to spy on dozens of Bidenβs political enemies
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CPI dropped to a 3-month low.
Rate hike odds crashed from 43% to 6%.
Bullish for markets
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Rate hike odds crashed from 43% to 6%.
Bullish for markets
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US retail sales are set accelerate:
The Chicago Fed projects retail and food services sales, excluding autos, rose +0.7% MoM in June.
This would mark the 5th consecutive monthly increase of at least +0.7%.
After adjusting for inflation, sales are estimated to have surged +1.4% in June, the largest monthly increase in at least two years.
That would mark a sharp acceleration from a +0.1% MoM increase in May.
This comes as the US inflation rate posted its biggest monthly decline in June since April 2020.
US consumer spending is gaining momentum.
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The Chicago Fed projects retail and food services sales, excluding autos, rose +0.7% MoM in June.
This would mark the 5th consecutive monthly increase of at least +0.7%.
After adjusting for inflation, sales are estimated to have surged +1.4% in June, the largest monthly increase in at least two years.
That would mark a sharp acceleration from a +0.1% MoM increase in May.
This comes as the US inflation rate posted its biggest monthly decline in June since April 2020.
US consumer spending is gaining momentum.
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An artist is set to unveil a new Charlie Kirk monument in New York Cityβs Times Square on September 10, marking one year since his death
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JUST IN: Iran says "they claim to have destroyed all or most of Iran's military capabilityβ¦"
"Yet they are still being slapped around by Iran."
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"Yet they are still being slapped around by Iran."
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JUST IN - U.S. House passes a bill to make daylight saving time permanent, which now heads to the Senate
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Norwayβs World Cup team received a heroesβ welcome home, with thousands of fans filling the streets and celebrating the now-viral Viking Row after the teamβs historic run ended in the quarterfinals against England
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First look at the new $100 bill featuring Trumpβs signature
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