The Kobeissi Letter(@KobeissiLetter):Semiconductor stocks are experiencing a historic losing streak: The Semiconductor Index, $SOX, has declined for 7 consecutive trading sessions, matching its longest streak since the 2008 Financial Crisis. Over this span, the index has dropped -12.4% erasing -$2 trillion in market value. This also marks its 5th correction of at least -10.0% this year. Currently, more than 50% of SOX’s constituents are down at least -10% from their respective highs. Over the last 20 years, there have only been 2 longer such streaks, in 2006 and 2008. Semiconductor stocks are seeing massive swings.

2026.10.16 15:24

Semiconductor stocks are experiencing a historic losing streak: The Semiconductor Index, $SOX, has declined for 7 consecutive trading sessions, matching its longest streak since the 2008 Financial Crisis. Over this span, the index has dropped -12.4% erasing -$2 trillion in market value. This also marks its 5th correction of at least -10.0% this year. Currently, more than 50% of SOX’s constituents are down at least -10% from their respective highs. Over the last 20 years, there have only been 2 longer such streaks, in 2006 and 2008. Semiconductor stocks are seeing massive swings.