Weakness in the Semis

The semiconductor sector has been looking weak lately. This is notable because the sector has been strong consistently for the last 10 years.

Consider this performance. On November 20, 2008, the VanEck Vectors Semiconductor ETF (SMH) closed at $14.70 per share. On March 12 of this year, the SMH closed at $113.07. That’s an increase of 669% in 9-1/2 years.

But lately….