Mill Street Research @millstreetresearch.com · Jul 6 Semiconductors are up today, with SOX up +3% but off its morning peak at the moment. The SOX is still super-volatile, with 80% annualized 1-month volatility, meaning 4-5% close-to-close moves on average. The SOX index has 30 constituents with a collective market value of $14.9 trillion.
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The fact that an index like the SOX has been this volatile without any significant broad-market correction or volatility (VIX is at 16) is unusual and highlights both the extreme level of dispersion in equities and the amount of leveraged trading in Semi stocks.