Chart of the Day - Monday, November 8th, 2021

Today’s Chart of the Day was shared by Nautilus Research (@NautilusCap). It's a chart of the S&P Semiconductor Index over the past three decades. The red circles indicate all the instances where the index was up 10% or more in a week for the first time in six months. This happened last week for the 13th time since 1989. As you can see from the table, returns following prior occurrences tended to be consistently above average. If history is any guide, any short-term weakness could end up a longer-term buying opportunity.