Thoughtful Money with Adam Taggart · Saturday, July 11, 2026
Lance Roberts highlights that semiconductor stocks, which heavily influence the market, are showing signs of a potential downturn. He notes that the sector's significant market cap weight means a reversal could drag the broader market down.
“This has been what's really kind of driving the market as of late has been semiconductor stocks. This is SMH and, you know, it's kind of building a pretty defined head and shoulders pattern and again, has it broken down yet, but I think this is the one thing to watch because of the market's really been driven a lot by the now 18% market cap weight of semiconductor stocks.”
“If these things do reverse, there is going to be a drag on the market and this is where all your momentum chases right now.”