Monday · Sector Review

SMH quietly climbed to 668, just half a step away from the all-time high of 671.
This time last year, it was still struggling around 400, now the entire semiconductor sector is like wearing spring shoes.
NVDA followed with a +1% increase back to 212, and Q is near its 52-week high.
Monday's market didn't have any earth-shattering news, but the continuous rally of semiconductors itself is a signal.
The narrative I've been hearing repeatedly this year is "It's risen too much, time to switch," but the fact is every switch is pulled back by tech stocks.
DXY is fluctuating around 101, and interest rate expectations are stable, which is a tailwind for growth stocks.
This week, a few Fed officials will speak, and quarter-end rebalancing may cause some noise.
But I'm only watching one thing: whether the semiconductor sector can break through the previous high in one go.
I lean towards yes.
No reason to short, and there's no better sector than semiconductors.
Let's see if the top self-destructs.
Guessing the top is the most expensive hobby.