Bourbon and Charts with Carter Worth

So we know how we do this, so we're gonna walk through.

I'll try to explain for those that are listening, if we don't see a, a facial reaction and not watching, but I would highly recommend, uh, using the video for this particular episode.

Um, all right, Carter.

Let 'er rip.

Let's start with the macro.

So let's talk about, uh, just how steep this is.

It's the- there is one other instance in history where it's steeper.

Um, it matters because what? Tech is the big weighting of course at 30% thereabouts, and semis are the area of the market that are within tech.

So right now we are 54, you can see this here, 54% above the 150-day moving average.

And, um, these are extreme readings over the past two years and, you know, we've been 35 and 25 and 19, you see that 33, 36.

Before, it's had a dip of some kind, so let's for fun, uh, do this, just that.

You know, you got pretty extreme here and it didn't dip that much, but it dipped 6%.

Then you got pretty extreme again here, and then it dipped 16%, right? And then it got pretty extreme here and you dipped 16%.

And very hard to see, but the point is, a- and I just wanna make this point, that the current read, I'm gonna delete those now.

The current reading is we are 50% above 150, having bounced off of that line to the penny.

Now, is it the steepest? I'm gonna go back just to show you how extreme, and you won't be able to see, 200, um, let's go 10 years, right? 2015.

And I'll change it to log scale to mute the rate of change, the current rate of change in the context of the past so you can get a, a picture here.

It'll take another second to populate.

I'm going back 15 years, and then we'll do all data and I'll make one point.

Um, okay.

So you can't see that so well, so I'm gonna change this to log.

And for those people out there-

[laughs]

... it's the SOXX we're looking at, the SOXX.

And we're looking at the Philadelphia Semiconductor Index, of course.

So we know how we do this, so we're gonna walk through.

I'll try to explain for those that are listening, if we don't see a, a facial reaction and not watching, but I would highly recommend, uh, using the video for this particular episode.

Um, all right, Carter.

Let 'er rip.

Let's start with the macro.

So let's talk about, uh, just how steep this is.

It's the- there is one other instance in history where it's steeper.

Um, it matters because what? Tech is the big weighting of course at 30% thereabouts, and semis are the area of the market that are within tech.

So right now we are 54, you can see this here, 54% above the 150-day moving average.

And, um, these are extreme readings over the past two years and, you know, we've been 35 and 25 and 19, you see that 33, 36.

Before, it's had a dip of some kind, so let's for fun, uh, do this, just that.

You know, you got pretty extreme here and it didn't dip that much, but it dipped 6%.

Then you got pretty extreme again here, and then it dipped 16%, right? And then it got pretty extreme here and you dipped 16%.

And very hard to see, but the point is, a- and I just wanna make this point, that the current read, I'm gonna delete those now.

The current reading is we are 50% above 150, having bounced off of that line to the penny.

Now, is it the steepest? I'm gonna go back just to show you how extreme, and you won't be able to see, 200, um, let's go 10 years, right? 2015.

And I'll change it to log scale to mute the rate of change, the current rate of change in the context of the past so you can get a, a picture here.

It'll take another second to populate.

I'm going back 15 years, and then we'll do all data and I'll make one point.

Um, okay.

So you can't see that so well, so I'm gonna change this to log.

And for those people out there-

[laughs]

... it's the SOXX we're looking at, the SOXX.

And we're looking at the Philadelphia Semiconductor Index, of course.