Highlights
- One of the narratives making the rounds is that Powell is replaced by a more accommodating Fed Chair, thereby contributing to a narrow bubble in equities.
- Of all the many narratives floating around these days, this one actually has merit from the perspective of our models.
- Were this to play out, we think the MOTR Semi Group would lead the charge within a select group of participants.
- After falling the most into the April lows, semis are. . .
