As astute as you are, I find it hard to believe that you could believe your own post. Fact is that chip growth is robust and spread across a wider swath of companies and applications. The theme of the present is radical discontinuity as last business cycle applications give way to next business cycle applications.
This is a process which is occuring across many segments within the world economy. This is exactly the right time to focus on the trees and not the forest.
The equilibrium sought by the bulls & bears is a side show to the gathering of supply well under way.
The SYSTEMS objective for this period is to take as many players focus off the particulars of where forward demand is showing, and get as many players as possible
( ie their capital )acting like single bricks, waiting to be installed in the markets wall of worry.
To own an ETF or any number of fancy hedges is to really own nothing at all.
This post speaks to those who are seeking to invest as opposed to day trade the noise; now packaged as a product.
Market Data 
Markets 
AI
