SOXX Posts Worst Month Since 2002: 'Significant Discount,' Yardeni - iShares PHLX SOX Semiconductor Secto

SOXX Posts Worst Month Since 2002: 'Significant Discount,' Yardeni - iShares PHLX SOX Semiconductor Secto

SOXX semiconductor ETF fell 21.2% in July 2024, worst month since 2002, after a $45B leveraged fund faced margin calls on July 30. Fundamentals intact: 131% earnings growth expected YoY, suggesting volatility-driven discount rather than sector weakness.