Three "cause for concern" charts we are watching on how the AI trade has stopped pretending to be rational.
Semis overshooting fundamentalsThe recent rally in Semiconductors has overshot near-term EPS revisions. The "most fundamental rally" ever seems to have gotten a little too ahead of itself. And trust us - analysts have had time to adjust their earnings estimates.
BofA technical strategist Paul Ciana flagged an all-time-high weekly RSI on the VanEck Semiconductor ETF this week. Seven prior…
Hedge funds are panic-buying semis, Korea flows have gone vertical, NVDA is humiliating Bitcoin, and the rest of the stock market…
SOX just printed its biggest downside candle since the AI melt-up began. Momentum, rates and positioning are suddenly all turning…
The last Korea wobble triggered a massive VIX spike despite orderly SPX price action.
SOX monthly RSI highest since dot-com bubble.
The rally in semiconductor stocks is so incredible, traders can't help but bet against it.
