Wall Street

Semiconductor Stocks Are Climbing

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In hisDaily Market Notes report to investors, while commenting on semiconductor stocks, Louis Navellier wrote: Finally an across-the-board rally. Stock futures surged overnight, with the S&P rising from Monday’s close of 4,008 to 4,086 and only giving back a little before the market opened as Shanghai announces “zero Covid”. The VIX has been dropping since Friday morning from 34 and is now below 27 which lends support from options trading. This strength is despite rising oil prices with WTI now north of $112/bbl and natural gas well above $8/mcf. Q1 2022 hedge fund letters, conferences and mor…

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