Market reversed bearish sentiment due to strong semi bottoming call.

Nov 13, 2023

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11122023

Market reversed bearish sentiment due to strong semi bottoming call. When semi breaks out, investors should listen since it’s the leading indicator of the entire economy. Hard landing narrative is cancelled for now, and market is squarely in soft landing trade again. Both liquidity and inflation expectations are slowly ramping up again. Market will likely crowd into quality large cap AI winners for potential year-end rally while steering clear of laggers. SPX in 4200-4600 trading range.

SPX bounced back to key resistance.

Nasdaq100 breakout

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