The Chip Trade Cracks: Semis Lead A Sharp Selloff.
The hardest hit corner Friday was the one that had run the furthest: semiconductors.
The Story
The hardest hit corner Friday was the one that had run the furthest: semiconductors. The AI-chip complex that carried the market all year gave back a chunk in a single session as higher-for-longer rates hit the most expensive, longest-duration names first.
What This Means For The Book
We own quality in this space, but we own it sized so a day like Friday is survivable, not catastrophic. When a theme is up this much, the right response to a 4% down day isn't panic — it's the rebalancing discipline we set in advance.
Themes In This Article
- ThemeTechnology
For reference. Not a recommendation. See Capital Wealth Model Portfolios.
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