Singapore is Caught in the Middle Chipmakers in Singapore have slowed production and begun laying off workers, as the island-state has been caught between the U.S.-China trade war. Making the chips made up about a third of the country's manufacturing output last year. Semiconductor sales are expected to drop 12-13% globally this year, and Singapore in particular is often seen as a bellwether for the global economy. Reuters
If demand for semiconductor is dropping, then I believe semiconductor manufacturers in other countries will also suffer.
I've read where semiconductor demand is off and is expected to continue their decline for at least 3 more quarters... yet, the SMH is on a tear. Go figure.
C'mon man...a little imagination please? Weekly gamma on $SOXL. Life, liberty and the pursuit of happiness means hitting front week gamma on 3x levered ETF's!! I likes me super high leverage on super highly levered products...I mean, who doesn't?