Semiconductor Selloff & Semiconductors vs. Energy Rotation
The SOX/SPX ratio hit its lowest since April 2026, down 24% from June, as energy stocks surge on oil's rally past $110. The market is visibly rotating out of tech into energy.
What we know
An account on X reported the Semiconductor Index to S&P 500 ratio at 1.45, -24% from its mid-June peak and the lowest since April 2026. Meanwhile another account on X noted 'Energy is winning' vs Information Technology. Goldman's analysis flags the market rewarding quality under the surface of record highs. The VIX term structure is unusually flat at 18.4 through year-end, with the market pricing no additional vol event through December despite geopolitical tensions.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.