The semiconductor end market, which had a cyclical bottom in the first quarter of 2016, in concert with the low point of the US economy, continued to see two years of strong, unabated cyclical growth which finally succumbed to cyclical pressures in the second quarter of 2018. However, investors and analysts covering the industry have marked down growth expectations and valuations of all companies in the industry and valuations are quite attractive.
Driehaus portfolio manager Yoav Sharon chats with Oliver Renick on TD Ameritrade network on whether the stock market is accurately reflecting economic risk.
Featured Commentary
Update on the Semiconductor End Market
By Prakash Vijayan, CFA
The semiconductor end market, which had a cyclical bottom in the first quarter of 2016, in concert with the low point of the US economy, continued to see two years of strong, unabated cyclical growth which finally succumbed to cyclical pressures in the second quarter of 2018. However, investors and analysts covering the industry have marked down growth expectations and valuations of all companies in the industry and valuations are quite attractive.
Is the stock market accurately reflecting economic risk?
By Yoav Sharon
Driehaus portfolio manager Yoav Sharon chats with Oliver Renick on TD Ameritrade network on whether the stock market is accurately reflecting economic risk.