2024-03-26 09:11:05 ET
Summary
- The bull market of 2023/2024 continues to defy expectations.
- The Direxion Daily Semiconductor Bull 3X Shares ETF has seen impressive returns, up 70%+ in three months.
- The outlook for SOXL remains bullish, with strong earnings growth rates and a positive technical picture.
The bull market of late-2023/early-2024 continues to confound bears, who believe lack of breadth, interest rates, the economic situation, or any number of other factors will drive an imminent decline in stock prices. That just hasn’t happened, and while I’ve been bullish US equities, I’ll admit we’ve run further than I thought we would without a meaningful correction. However, secular bull markets take no prisoners and 2024 has shown that time and time again....
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SOXL: More New Highs In 2024