Semiconductor Equipment, Test & Materials are flipping bearish
The Semiconductor sector is a cyclical leading edge. Its Equipment sub-sector is the tip of that spear. It and some other picks, shovels, nuts and bolts of the sector are starting to fail. While not completely broken, the Equipment stocks need to hold here or they’ll join bearish Test & Materials.
Semi Equipment stocks are rolling over…
Semi Test Equipment is rolling over…
And specialty Materials used in the production of Semiconductors are rolling over…
So with respect to the chip makers and by extension, Tech and the broader markets, what could go wrong? Eh, Beuller?
I guess it’s ‘in the inflating Fed we trust’ among casino patrons. But what if the Fed plays it a little cuter, a little more coy than patrons may anticipate?
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