<div id="readability-page-1"><div><div><h2><strong>Fragile Semis</strong></h2><p>The problem with melt-ups fueled by leverage, short gamma and retail chasing is that the same flows that powered the vertical squeeze higher can quickly accelerate downside once momentum finally cracks.</p><h2><strong>Crowded semis</strong></h2></div></div></div>

SOXS

SOXX

SOXL

<p>Fragile SemisThe problem with melt-ups fueled by leverage, short gamma and retail chasing is that the same flows that powered the vertical squeeze higher can quickly accelerate downside once momentum finally cracks.Crowded semis</p>

ZeroHedge

Direxion Semicon Bear 3X

iShares Semiconductor ETF

SPDR S&P Semicon

VanEck Semiconductor ETF

Direxion Semicon Bull 3X

The Most Crowded Trade On Earth Is Cracking