Semiconductors have been performing strongly and are part of today's market story, but technical charts suggest caution is warranted.
speaker1
Jeff deGraaf
Semiconductor valuations are at levels similar to 2000, both on absolute and relative basis, requiring caution about current optimism.
Jeff deGraaf
While semis are still in uptrends and will be owned if expensive, we're tentative on adding money and looking for corrections.
Jeff deGraaf
2026 will be a much bumpier road for semis because they're priced to perfection, not smooth sailing.
Jeff deGraaf
There are other opportunities in the market, but would be more careful with semis right here.
Many sectors show uptrends making decisions difficult - caution vs. fear of missing out on lasting trends.
speaker1
Jeff deGraaf
Trend following is essential for longevity in the business, and healthcare is emerging as a powerful new trend with good breadth.
Jeff deGraaf
Healthcare shows negative alpha generation not seen since late 1970s over last 3-5 years, now starting to wake up with significant opportunity.
Jeff deGraaf
Advising clients to use money from tech breakdowns or trend changes to fund healthcare names breaking out of massive base formations.