Today, last week’s tech sell-off got a reprieve, which saw semiconductors rebound as evidenced in the 3.18% increase in SOXL, but moving forward, if the tariffs do materialize and the U.S.-China trade wars rage on, SOXS could be the long-term semiconductor play. Thus far, it has been the bulls winning the year-to-date battle with SOXL up 22.08% versus the 44.07% loss in SOXS.
“It’s still too early to tell,” said Aguilar. “But we have to wait for the next 60 days to see what the deal will be between the U.S. and China.”
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