The Kobeissi Letter
The Kobeissi Letter|Oct 16, 2026 15:05
Semiconductor stocks are experiencing a historic losing streak: The Semiconductor Index, solana:5XqMbyZbtse5UQUzgrYMpeWLWLR6BWFqUm5H3VAWpump, has declined for 7 consecutive trading sessions, matching its longest streak since the 2008 Financial Crisis. Over this span, the index has dropped -12.4% erasing -$2 trillion in market value. This also marks its 5th correction of at least -10.0% this year. Currently, more than 50% of solana:5XqMbyZbtse5UQUzgrYMpeWLWLR6BWFqUm5H3VAWpump’s constituents are down at least -10% from their respective highs. Over the last 20 years, there have only been 2 longer such streaks, in 2006 and 2008. Semiconductor stocks are seeing massive swings.
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