4/27/2026 - The S&P 500 (SPX) closed at another new high last week,
driven by the power of Technology (XLK), and a strong
showing from Consumer Discretionary (XLY) names. The AI
buildout has shifted into high gear, and Wall Street has
been caught flat-footed. The one-month gains of
semiconductor stocks are mind-boggling, and it's hard to
argue these names won’t be higher a year from now....
Payne's Perspective: Did Someone Say, “Coiled Spring?”
4/20/2026 By Charles Payne, CEO & Principal AnalystThere has never been a greater divergence between semiconductors and software stocks. Even hardware enjoys its largest margin of strength against software, which was famously supposed to make hardware obsolete.We will keep an eye on the situation, but are confused about why we don't know the answer.
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