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S&P 500 YTD total return: +0.0%
After all that ... it’s like nothing ever happened. Source: Charlie Bilello
Meanwhile... Software has continued to lag semiconductors, w/the software-vs-semis trade down another 7.5%.
That brings the weekly decline to 18%, as both sides of the trade moved further apart, pushing the pair to a fresh all-time low. Source: HolgerZ. Bloomberg
Goldman Sachs: "We have seen one of the weakest periods of relative returns for technology over the past 50 years."
Source: Brian Sozzi @BrianSozzi, Goldman Sachs
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