The Claims · Open · 50 sessions to 31 Dec · Cheap tokens are not cheap power, and the bill is still a watt in the hall.
Semis keep beating software into year-end
The semiconductor index outperforms the software index from 22 Aug to 31 Dec 2026.
- Resolves by
- 31 Dec 2026
- Confirm
- Semis ahead over the window.
- Kill
- Software ahead, the market is rotating to the application layer ahead of the margin data.
- Grade
- On the 31 Dec closes, from the owned SOX and IGV daily series.
Series · Close Fri 16 Oct
PHLX Semiconductor (SOX) last close
12668.9+1.41% · 2026-09-25
Software (IGV) last close
106.0−1.06% · 2026-09-25
60-session Pearson SOX vs IGV
0.052026-09-25 · n=1278 aligned · window 60 · streak +4
250-session Pearson SOX vs IGV
0.162026-09-25 · n=1278 aligned · window 250 · streak +120
Semis vs software, 250d
+108.73 ppSOX +100.93% / IGV −7.79% · 2025-09-26–2026-09-25
Grade
Open. From the owned strip: SOX +7.9% vs IGV +2.6% since the 21 Aug 2026 close, through 25 Sep 2026. Graded on the 31 Dec 2026 closes.
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