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TME kicks us off.
The Market Needs Semis. Semis Aren’t Cooperating.
The recent rally has relieved some of the technical damage, but it has yet to resolve the market’s biggest questions. With SPX nearing resistance, semiconductors struggling to lead, and options positioning shifting rapidly, the next move may require fresh catalysts.
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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.
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