BTIG warns semiconductor stocks may decline through 2027 after worst weekly drop since April 2025

BTIG chief market technician Jonathan Krinsky warns that an 11.4% weekly drop in the Philadelphia Semiconductor Index (SOX) signals a drawn-out sector decline potentially stretching into 2027. Historically, following weekly losses of 10% or more, the index rose only 43% of the time the next week, with a median 1.7% loss. Three weeks out, gains occurred in just 60% of cases. BTIG flagged $490 as key support for the iShares Semiconductor ETF (SOXX); a break below could push it toward its 200-day moving average near $468. The firm joins other warnings from Ray Dalio and the IMF about an AI-driven market correction.