Micron, SanDisk Just Broke the Momentum Trade: SPMO Faces Its Worst Month Ever
SPMO ETF is on pace for its worst month since 2015, down 10.54%. Micron and a memory-chip selloff drove it.
Memory chip companies like Micron had a tough month, so an ETF that bets on that trend is having its worst month in years. When big companies in one group struggle together, it can show investors are getting worried about that whole industry.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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