The View from 5th Avenue

The View from 5th Avenue – 15 September 2023

A broad-based weak day in equity markets, with notable declines in technology names. All the key indices were lower with the NASDAQ down the most reflecting technology and all the S&P sectors declining. Every one of the “magnificent seven” in the red today. It was triple witching so that played a part. Semis were especially weak after a news report that Taiwan Semi (-2.3%) had asked suppliers to delay some incoming shipments. The Philly Semiconductor index gave back 3.0% with KLA Corp (-5.3%) a…

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