1 day ago, 04:45 PM
Semiconductor fwd P/E has been tracking inverse oil prices over the past year. Almost perfectly.
⬜️ $SOXX Fwd P/E Multiple 🟦 Inverse oil priceSince the Hormuz shock in Feb:As oil prices drop, semiconductor valuations rise. As oil prices rise, semiconductor valuations drop.The copyright of this article belongs to the original author/organization.
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