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Technology Stocks : Semi Equipment Analysis
SOXX 166.55-0.5%Apr 17 4:00 PM EDT
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To: robert b furman who wrote (89068)9/30/2022 12:03:20 PM
From: Return to Sender2 Recommendations

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robert b furman
Sam

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The numbers cannot get much worse Bob. If MU is any indication then stocks in this group can trade upward on bad results. That is one of the sure signs of a bottom.

In past cycle bottoms we have heard things like we cannot give clear forward guidance because of how bad the situation is now. We may have to get there this time as well.

So while I expect a rally throughout earnings season until the Fed starts to see data clearly showing the economy has slowed we cannot expect them to stop raising rates.

September is the worst month historically for the market.

October is where market rallies often begin. Sometimes very important bottoms.

RtS
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