Semiconductors’ Best Quarter in History 📈 The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by Bluekurtic.
The Semiconductor Index (SOX) saw an intra-month drawdown of more than 12%, yet clawed its way back to finish June with a new all-time monthly closing high.
It also just logged its strongest quarter in history, outpacing the best quarterly performance of the dot-com era by nearly 20%.
Continued strength from semis remains an encouraging sign for stocks, as they've been the market's clear leadership group throughout this bull market.
The Takeaway: Semiconductors just delivered a record quarter and continue to lead the way higher.
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