The Semis have been killing it during COVID. With some sky-high returns will some of the laggards bring down the average return for this particular market segment? I think some names in the sector will be shorted and will, in effect, change the residuals apropos decreasing the mean return for the semis. The amount will amount to a correction in some stocks and just an impulse move down on others. Supply-chains will be scrutinized and apple making in-house chips will hurt Intel.
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