Leveraged semiconductor ETFs diverged today: the 2x Intel ETF rose nearly 5%, showing signs of a technical rebound after being oversold; the 2x TSMC ETF fell nearly 3%, weighed down by macro sentiment; the 2x LITE ETF dropped over 6%, as demand signals for Lumentum's optical modules have been weak recently.
Intel's rebound occurred simultaneously with the pressure on TSMC and optical modules. All are in the semiconductor sector, yet their rhythms were completely out of sync today 🤔
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