Semiconductor correction might be dragging the market down in August
Semiconductors have been on an amazing run for a while.
However, we are reaching peak valuations where everyone knows it is a bubble - but no one knows when it will pop
MU, Sandisk SNDK and other semiconductors stocks are showing signs of correction.
The Federal reserve interest rate decision the end of this month might trigger an August correction.
That's what I am paying attention to for now.
Meanwhile, I am still bullish for the 2nd half of July.​
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
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Semiconductor correction might be dragging the market down in August
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