The SOX Semiconductor Index is touching new highs today, while industry experts continue to point to an actual glut of semiconductor chips. Samsung missed earnings yesterday citing poor chip pricing and slowing demand. There is a true disconnect here somewhere. Since the SOX is also touching an extrapolated Fibonacci band, we’d expect market price enthusiasm for the SOX is the one misplaced.
Published by: Barclay Leib, Senior Advisor, Cooper Family Office. April 5th, 2019
This narrative and its contents represent the views solely of the writer and not the Cooper Family Office, its entities, related entities, members, independent advisors and any other affiliates. It cannot and does not contain professional advice or guidance of any type and should not be used this for any purpose other than discussion. In no event are we responsible, without limitation, for any loss or damage whatsoever from any actions taken as a result of the information contained herein. The Cooper Family and the Cooper Family Office, its entities, related entities, members, independent advisors and any other affiliates have made no effort to ensure the accuracy, validity, reliability or correctness of anything stated in this document or on the Cooper Family website. The Cooper Family and the Cooper Family Office, its entities and assigns reserve all rights to protect the privacy of this document. Possession, distribution, publishing, disclosure, copying, reprinting, paraphrasing or quoting of all or any part of this proprietary document by others is strictly prohibited. The Cooper Family and the Cooper Family Office, its entities, consultants and assigns do not accept liability for any errors, omissions or adverse consequences from the content of this message for any reason. This is not an offer to sell any investment, product, fund, company, advisory or any other service and it should be noted that nothing produced, issued or disseminated by us or any related party, member, consultant or entity is a suggestion to take any action or actions whatsoever. The above references an opinion and is solely to share thoughts and opinions among our team and investment managers. It is not intended to be investment advice.