November 13, 2012 at 10:05 AM EST
Checking In on the Semis
Less than a month ago I wrote a market observation that focused on the small cap semiconductors in the Russell 2000 Index (INDEXRUSSELL:RUT). These equities are an area of interest because we would like to see the higher beta small cap companies lead the broader S&P 500 Index (INDEXSP:.INX). The theory is that when small caps lead the large cap companies it shows a transition into equities and a much “healthier” risk appetite. This obviously can have bullish implications. With the technology sector getting crushed lately (thanks to Apple (NASDAQ:AAPL) dropping over 20% since hitting the$ 700 level) checking ...
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