Summary

• Since the March 30th low, one of the best-performing areas of the stock market has been semiconductors.
• Using the tradable VanEck Semiconductor ETF as a proxy, the group is now up right around 40% since then, which is a record 18-day rally since its inception.
• Given the S&P 500 is market-cap weighted, the semis are the single largest weight of any industry group. In fact, the group accounts for 15.5% of S&P 500 weight.

Since the March 30th low, one of the best-performing areas of the stock market has been semiconductors. At the moment, the Philadelphia Semiconductor Index (or the SOX) has risen for 18 sessions in a row since the March 30th

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