If There’s a Recession Coming, Why Are Semis Rocking?

Equity markets are likely completing a short-term low after peaking, right on track, during the week of the last FOMC meeting mid-September and that month’s option expiration. I have to admit the downside move this week was more than I expected, but the timing of the low looks right, just as equity indices and bellwether industry groups bottom at support.

Rather than simply highlight a chart of the S&P 500 index, I’d like ensure that readers, particularly those with a bearish outloo...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Events

Trending tickers in our research