The PHLX Semiconductor Index (SOX) experienced its fifth-largest single-day decline ever, highlighting significant volatility in the tech sector. This drop is comparable to major past events like the 2000 dot-com crash and the 2020 pandemic plunge, signaling potential structural corrections or liquidity issues ahead. Investors are advised to consider hedging strategies using liquid index options, such as buying puts on tech ETFs, to protect portfolios from further downside while maintaining flexibility for future market moves.
Chip stocks in the VanEck Semiconductor ETF (SMH) have dropped over 10% from last week's record high, with options traders increasingly buying puts, signaling bearish sentiment. Put volume on SMH outpaced calls by four times, indicating expectations ...
The bull market is expected to persist despite a recent dip in June, which is viewed as a chance to buy the dip. Strong money creation, with three out of four key money measures rising year-over-year, supports ongoing strength in the S&P 500. Histori...
Questcorp Mining Inc. has launched a fully funded Phase 2 diamond drilling program at its La Union Gold-Silver Project in Sonora, Mexico, following successful Phase 1 exploration. The program targets multiple high-priority sites across a 25 km² area,...
Riverside Resources has begun a fully funded second phase of diamond drilling at its La Union gold project in Sonora, Mexico, in partnership with Questcorp Mining. The program aims to expand mineralized zones identified in Phase 1 and test new target...
ProShares UltraPro QQQ (TQQQ), a 3x leveraged ETF tracking the Nasdaq-100, fell 14.28% in one day following a 4.8% drop in the underlying QQQ. The selloff was triggered by Broadcom's weak AI semiconductor revenue guidance and a strong May jobs report...
