Chart of the Day – July 21, 2020

By: Chris Wenner in Charts 07/21/2020

The SOX Index is a 30 member list of the largest semiconductor companies out there.  Below is a 2-yr, weekly chart of this widely watched index.  We are now well above the previous highs made in February of this year, and have gained nearly 75% from the lows made in March.

Many turn to this index – along with small caps, transports, and others – as a leading indicator.  Is the SOX pointing at new highs on SPX?  We shall see.

CW

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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