Advertisement
TME with the charts.
Technical correction
Semis have entered a technical correction and are on the verge of a bear market after falling 16% from June’s all-time high. Technicals have deteriorated, volatility has exploded and positioning remains crowded—but several indicators still argue the cycle may have further to run. Here are the charts everyone is watching.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Advertisement