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Schwab Network

Profit-Taking in Semis Signals a New Market Leadership Shift

7 min20 juli 2026

Crossmark Global CEO Bob Doll says the S&P 500's (SPX) recent calm masks significant rotation beneath the surface, particularly within technology stocks. He discusses taking profits in semiconductor names, finding opportunities in oversold software companies, and explains how rising yields, persistent inflation, and higher oil prices could create headwinds for equities.


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