[Analysis: Chip Stocks Show Nearly 70% Historical Rebound Probability After Sell-off, with an Average 3-Month Return of +23.3%] BlockBeats reports that on Thursday, November 7th, the Philadelphia Semiconductor Index (SOX) fell 12%, and the S&P 500 fell 4%, marking the SOX's second-worst single-day performance since its inception (the worst being the early stages of the COVID-19 pandemic in March 2020, and the third worst being the dot-com bubble). However, the sell-off did not continue on Friday, with the index rebounding strongly by over 4%. The market is expected to further recover sentiment over the weekend. Historical data compiled by Deutsche Bank shows that the SOX has achieved average returns of +23.3% and +48.8% over the 3 and 12 months respectively after its 9 worst trading days, with positive returns recorded in 6 out of 9 instances, indicating that such extreme sell-offs are often followed by significant rebounds. [Original Link]