Happy Sunday. QQQs +1% this week finishing at ATHs while SOX +3.5% led the way higher.
We’ve stuck to our “choppy but upwards trending” with dispersion call since the Leopold Lows — some weeks feeling better about choppy, others about upwards — and that has played out well so far, with Semis +25% amidst a lot of chop and a wide range of outperformers/underperformers within semis.