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XTH - Why Have Global Semiconductor Sales Plunged And Gotten Stuck At These Levels For 5 Months Now
SSgA SPDR S&P Tech Hardware ETF
Today’s scenario is very unlike the plunge during the Financial Crisis, which blew over in no time.
This is an edited transcript from my interview with "This Week in Money" by HoweStreet.com.
Semiconductor sales have plunged about 22% from the peak last October. That peak was the end of a long spike that started in 2017. When you look at the chart, you see the surge in semiconductor sales that lasted for a year and a half. And then it's just a straight line down essentially, back to July 2017 levels. And semiconductor sales have