Can Semiconductors Lead the Index Increased?

Nasdaq 100 Forecast:

• The Nasdaq 100 loved a lift from the section one commerce deal between the US and China
• The pause has seen semiconductor shares outperform because the case for Chinese language demand picks up
• Nonetheless, there was little point out of Huawei and its presence on the US blacklist. Will Micron’s earnings later this week undercut current semi positive aspects?

Nasdaq 100 Forecast: Can Semiconductors Lead the Index Increased?

US equities rocketed higher last weekafter it was introduced the US and China had been on monitor to comply with a section one commerce deal. Whereas the precise phrases of the deal are nonetheless unclear, markets rejoiced on Monday because the December 15 tariff-deadline handed with none motion from the US. Subsequently, the market has been supplied a minimum of one palpable growth, at the same time as the main points of the broader settlement stay unknown.

Nasdaq 100 Value Chart: 1 – Hour Time Body (December 2019) (Chart 1)

Consequently, the Nasdaq 100 might be positioned for an extension larger if additional particulars start to emerge and tangible progress is delivered. Already, nevertheless, the semiconductor sector (SOX ETF) boasts an unbelievable rally within the year-to-date, surging almost 60% within the face of the numerous headwind posed by the commerce warfare. With the financial dispute on pause in the meanwhile, the high-growth semi sector…