One result of the Trump trade gaining popularity is that yesterday was the worst day for semiconductors since the fall in semiconductors in March 2020 due to COVID.
The Trump trade is not all negative. As we have previously shared with you, the Trump trade is driving money into small caps and bank stocks. Of note are extremely positive money flows in iShares Russell 2000 ETF (NYSEARCA: IWM), SPDR S&P Bank ETF (KBE), and SPDR S&P Regional Banking ETF (NYSEARCA: KRE). As full disclosure, IWM and KBE are in The Arora Report's ZYX Allocation Model Portfolio.
TSM reported earnings better than consensus and whisper numbers. Here are the details: Over 50% of revenues are coming from AI and advanced chips.Q2 earnings came at $1.48 vs.$1.41 consensus.Revenues grew 34.6% year-over-year. Revenues came at $20.82B vs.$20.33B consensus.
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