VanEck Semiconductor ETF (SMH) Holdings & Performance Recap
Review the top contributors and detractors that lead to the smiconductor SMH ETF’s strong performance in Q2 2023.
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Review the top contributors and detractors that lead to the smiconductor SMH ETF’s strong performance in Q2 2023.
Seven tech stocks accounted for almost 75% of the S&P 500's year-to-date gains, marking the technical start of a new bull market, even as investors raised concerns about narrow market breadth.
Domestic equities traded within a narrow range as investors debated the impact of a weakening U.S. economy; mixed Q1 earnings provided no clear outlook for the market.
Resource equities exhibited strong relative gains this quarter, outperforming both global equities and bonds during the three-month period.
Domestic equities struggled as volatility remained high. Rising prices may be causing a decline in personal savings and a turn to retailers like Walmart.