A stock market momentum signal has surpassed dot-com levels as bubble warnings pile up
Maybe you’ve noticed: stocks have been red-hot over the last few months.
Even accounting for some recent volatility in hot trades like memory stocks, since the March 30 low, the S&P 500 is up 18%. Soaring semiconductor stocks have led the way, with the iShares Semiconductor ETF rising as much as 106% from its recent trough.