The semiconductor industry is just beginning to climb out of a painful downturn, with early signs of a new upcycle taking shape. Demand is stabilizing in smartphones and PCs, memory prices are rebounding, and inventory overhangs are finally being cleared. Yet despite being in what is arguably the early innings of this recovery, a growing number of semiconductor stocks—excluding … [Read more...] about Semiconductor Stocks Beyond the AI Giants: Are We Already Pricing in the Peak?
Beyond AI: The Semiconductor Industry Is Quietly Entering a New Upcycle
The semiconductor industry is turning a corner. While the headlines have been dominated by the meteoric rise of artificial intelligence and the chips that power it—GPUs, accelerators, and cutting-edge memory—there is a quieter but equally significant story unfolding beneath the surface. Stripping away the AI-driven euphoria, the broader semiconductor sector is showing clear … [Read more...] about Beyond AI: The Semiconductor Industry Is Quietly Entering a New Upcycle
When Will the Next Financial Rally Begin? Reading the Signals from Rates, Credit, and Policy
The next rally in the financial sector is likely to emerge from a quiet turning point rather than a marketwide euphoric surge. It will be triggered not by sudden optimism, but by the resolution of several forces that have held the sector in limbo: elevated short-term rates, a flat or inverted yield curve, cautious lending conditions, and weak credit growth. Right now, … [Read more...] about When Will the Next Financial Rally Begin? Reading the Signals from Rates, Credit, and Policy
The Interest Rate Puzzle: How It Really Affects the Financial Sector
There’s a common belief among investors that higher interest rates automatically benefit the financial sector. After all, if banks can charge more on loans, shouldn’t their profits soar? While there's some truth to that, the reality is far more nuanced. Interest rates are not a simple “up equals good” formula for financial stocks. The full story lies in how fast rates rise, … [Read more...] about The Interest Rate Puzzle: How It Really Affects the Financial Sector
The Shape of Financial Sector Rallies: Where They’ve Been, Where They Might Return
The financial sector is a deep and varied ecosystem, and while crypto often captures the headline buzz, the core of the sector—banks, insurers, asset managers, exchanges, and payment infrastructure—has seen its own share of rallies across different economic cycles. Stripping out the crypto noise, we’re left with traditional finance and its modern extensions, and the potential … [Read more...] about The Shape of Financial Sector Rallies: Where They’ve Been, Where They Might Return