Chip selloff and weak Bitcoin/gold performance
Semiconductors are deep in drawdown after a sharp selloff, while Bitcoin (-13%) and gold (-6%) are 2026's worst major assets.
What we know
Bilello's drawdown table shows Nvidia -26%, Micron -48% and Intel -64% from highs. Trade With Insight recaps the week, with $SOXX down 12% on Thursday. Bob Loukas notes Bitcoin is on track for consecutive worst years. Meanwhile Kaleo is max long and George cites pro-crypto midterm winners at 69.5%.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.