2024-07-18 07:30:00 ET
Summary
- The Direxion Daily Semiconductor Bear 3X Shares ETF provides -300% exposure to the daily return of the NYSE Semiconductor Index.
- Former President Trump's comments regarding Taiwan caused semiconductor stocks to plunge and the SOXS ETF to gain 21% on July 17th.
- Even if this is the bursting of the AI semiconductor bubble, traders should be wary of holding the SOXS for too long due to extreme volatility decay.
In a recent article , on the 1x Short VIX Futures ETF (BATS: SVIX ), I noted investors should be cautious heading into the November elections, as rising political uncertainty could act as a headwind for stocks....
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SOXS: Pullback Or Bubble? Doesn't Matter, Continue To Avoid This Amortizing Trap