$SMH Soars as AI Hype Builds, $SPX Sentiment Turns Crowded
1.Surging semiconductors $VanEck Semiconductor ETF(SMH)$ : the big beneficiary of the AI hype bubble has been semiconductor stocks – with that sector’s market cap weight far eclipsing levels seen during the dot com boom.
Is it the new normal, or just another cycle of boom and b...?
2. $S&P 500(.SPX)$ Surveyed Sentiment: summing the various surveys, sentiment is getting fairly bullish.
This is not necessarily an impending bearish signal as it reflects the bullish momentum underway, and I would highlight that sentiment generally works better at picking bottoms than tops.
But it does got to show that most minds are made-up… and if the right(/wrong) thing came along, those minds could change pretty quickly.
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