Morning Bid: Churning chips

Markets will likely hinge on the upcoming U.S. jobs report as the primary macro catalyst. In the meantime, there has been a broad pullback in “red-hot” chip stocks worldwide as investors reassess risk into the second half of the year.

Analysis

Markets will likely hinge on the upcoming U.S. jobs report as the primary macro catalyst. In the meantime, there has been a broad pullback in “red-hot” chip stocks worldwide as investors reassess risk into the second half of the year.