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U.S. stock market closed with extreme divergence! Dow hits record high, semiconductors crash.
Folks, last night's U.S. market was extremely fragmented. The Dow surged nearly 600 points to hit an all-time high, the Nasdaq fell 0.8%, and semiconductor memory stocks collectively slumped, with SanDisk down over 14%. However, gold, silver, and traditional value stocks rallied wildly.
This is a typical style rotation. Our multi-asset hedging strategy has nothing to fear—just hold your positions and avoid chasing highs and selling lows, and you won't go wrong. #SOXL $SOXL