🔎 Can't Party Without Chips

This week, we’ve been focused on the surge of breakouts unfolding across the equity landscape.

On Monday, we highlighted new highs in Asia-Pacific markets. Since then, we’ve covered the strength across several key sector ETFs, along with the breakout in high beta relative to low volatility — all pointing to a broader appetite for risk.

Another crucial development is the breakout in semiconductors. The Semiconductor ETF ($SMH) has surged to fresh highs, adding significant fuel to the bullish narrative.

Semiconductors often act as a leading indicator for both technology and the broader market, so seeing them resolve higher reinforces confidence in the sustainability of this rally.

In short, we’re seeing multiple confirmations across regions, sectors, and risk factors. The weight of evidence continues to lean firmly in favor of the bulls.