Semi-conductors - Hold

 Still, there are two factors that could help the semiconductor sector and which explain my hold position on SMH.

In this case, while the layoffs being effected by Microsoft and others hint at the pains that these companies are going through, getting rid of employees could be seen as incrementing profitability by the market, depending on the way the data is presented during the earnings calls. Another factor that could help tech is the U.S. dollar index has fallen by 9% since its November 2 peak, implying some relief for revenues obtained from the rest of the world by big techs.

I am holding Semi-conductors waiting for the explosion of costs cutting measures to get profits back and the use of data to target purchasers.