The Chip Rally Isn’t Over Yet

126%... That’s how much the Philadelphia Semiconductor Index ($SOX) has returned since last May.

The S&P 500 Index, over that same stretch? A comparatively modest 25%.

I’ve been analyzing markets for a long time, and I’ll tell you straight: a five-to-one performance gap between a single sector and the broader market isn’t normal.

And if you’ve been sitting on the sidelines waiting for a reason to pay attention to semiconductors, that number is your reason.

But here’s what really caught my eye.

This post originally appeared at Money & Markets.