The Week

COHH.US finished the week up 26.9% at $7.50, while the S&P 500 slipped 0.27%, leaving the ETF roughly 27.17 percentage points above the benchmark. The swing was wide at 43.07%, and turnover picked up clearly: average daily volume of 1.70m shares ran about 86.61% above the 60-day median. Trading was back-loaded. Monday (Sep 28) opened weak and touched the week low of $5.105 before closing at $5.38; Tuesday and Wednesday drifted near $5.50; Thursday (Oct 1) added roughly 22% to $6.77; Friday (Oct 2) pushed on to the week high of $7.56 and settled at $7.50. The close sits back above the 60-day moving average of $6.733, though it is still below the 60-day range high of $11.85.

Sector News

This week’s Coherent (COHR) headlines centred on AI hardware demand and Washington’s move against Chinese optical transceivers. Reports flagged surging AI security and hardware needs reshaping the tech complex; later coverage noted that Washington was targeting Chinese optical transceivers, sending Lumentum and Coherent sharply higher, while order-flow activity was led by technology and semiconductors. Coherent also came into focus after launching new AI optics products, prompting a reassessment of the bull case. COHR-related headlines showed sharp single-day moves: +10.59% on Oct 1 and +5.52% on Oct 2. Those sector and policy headlines coincided in time with the ETF’s second-half surge.

The Week Ahead

On the macro side, US services readings arrive early: Monday Oct 5 brings the S&P Global services PMI final print (prior 58.7) and ISM non-manufacturing PMI (prior 55.4, forecast 55). Tuesday Oct 6 brings international trade figures, with the prior at -88.6 and forecast at -102. On the energy front, Wednesday Oct 7 has EIA weekly crude and Cushing inventory data. With this week’s move driven by policy and product catalysts, the open question is whether AI optics and optical communications headlines continue, and how services data shape risk appetite.

In Short

The price action and sector news aligned: the ETF ripped in the back half and outperformed the benchmark by about 27 points, while Coherent-related news was dense with policy and new-product themes. The latest trading day showed large-lot money as a net seller and small-to-medium orders as net buyers, so the push higher leaned on smaller flows while the dominant money stayed cautious. The close is above the 60-day moving average but below the August peak, with turnover relatively active. The tension to watch is whether the policy-driven optical momentum holds after the services PMI prints, or fades without fresh catalysts.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.