Chip Weakness Returns

20%its chance, of the story’s futures

−1.4%on the S&P 500, if it happens

The selloff could resume if investors conclude that Tuesday’s bounce was technical rather than fundamental. In this scenario, concerns about semiconductor earnings, AI spending discipline and stretched valuations pull the Nasdaq back toward correction lows.

What it moves

Technology−2.2%
Industrials−0.3%
Market volatility▲ up
Riskier companies' borrowing costs▲ up

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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