$iShares Semiconductor ETF(SOXX.US)Context: Semiconductor equities and broader technology stocks have corrected sharply.…

$iShares Semiconductor ETF(SOXX.US)

Context:

Semiconductor equities and broader technology stocks have corrected sharply. There was negative market sentiment. SOXX ETF has recovered yesterday but lost the gains after hours, likely due to the uncertainty of the US midterm elections. However, according to the latest poll results, the Democrats have won both the senate and the house as well. In view of this, there should be less volatility after election and hopefully the US market will recover after this.

My trade:

I am holding onto my position in SOXX and selectively managing my core position through this market correction while awaiting recovery.

Takeaway:

Navigating sharp corrections driven by macro and political catalysts like midterm elections requires discipline and careful planning. I am sticking to my position to keep exposure to leading semiconductor leaders such as Nvidia, Broadcom, and AMD while waiting for the structural rebound.