Hot Reads: iShares Semiconductor ETF Soars to Top Spot

Hot Reads: iShares Semiconductor ETF Soars to Top Spot

Plus, ETF share of U.S. market turnover jumps to record.

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Reviewed by: Lisa Barr
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Edited by: Ron Day

There’s a New King in Chip ETFs (Bloomberg) 

The iShares Semiconductor ETF (SOXX) saw a nearly $805 million inflow Thursday. 

 

ETF Share of US Market Turnover Jumps to Record 31% (Financial Times) 

Surge reignites debate on ETF influence, underlines use to rapidly change market exposure. 

 

Will Stock Market Rejoice About Debt Ceiling Deal? (CNN) 

Even if Congress passes the bill, it might take months before financial markets move on. 

 

‘It’s Not a Bubble Yet’ (CNBC) 

Wharton’s Jeremy Siegel predicts tech boom fueled by artificial intelligence. 

 

El-Erian Predicts Fed Rate Hike at June FOMC Meeting (Bloomberg) 

The economist says “data dependent” Fed will raise benchmark interest rate at next policy meeting. 

 

Is an AI Stock Market Bubble Inevitable? (A Wealth of Common Sense) 

Nvidia’s one-day gain Thursday of $185 billion is bigger than the market caps of Nike, Comcast, Disney and Netflix. 

 

IMF: ‘Persistent Inflation Problem’ (Benzinga) 

The International Monetary Fund also sees interest rates staying at 5.5% until 2024. 

 

Nvidia Chief: AI Creating ‘New Computing Era’ (Financial Times) 

Jensen Huang unveils new platform to help tech groups build generative artificial intelligence models. 

 

Consumers Firing Up China’s Economy (CNBC) 

Experts share how they see consumers spending again after the pandemic battered the economy. 

 

How Reliable Is the 4% Rule? (The Evidence Based Investor) 

Most proponents of the rule say it’s not a set-it-and-forget-it strategy. 

 

US Investors Want More Exposure to Japan (Institutional Investor) 

Here’s what they should know beforehand. 

Lisa Barr is a former copy editor at etf.com.