They hijacked the narrative! It’s time to take back control! SMH ETF! Best ETFs outperform S&P 500 

AI-generated source summary

The analysis focuses on the performance of non-leveraged ETFs over a 15-year track record, comparing them against the S&P 500 benchmark. ETFs such as SMH (Semiconductors), VGT (Broad Tech), XLK (S&P Tech), IYW (US Tech), and QQQ (Nasdaq Growth) are presented as outperforming the SPY benchmark. SMH shows the highest 15-year CAGR at 28-29%, followed by VGT at 21-22%, XLK at 21-22%, IYW at 19-20%, and QQQ at 18-19%. The SPY, serving as the benchmark, has a 15-year CAGR of approximately -14%. The analysis suggests a bullish outlook for these outperforming ETFs, with implied targets for SMH at 300, VGT at 450, XLK at 210, IYW at 175, and QQQ at 460. The failure bound for SMH is set at 220, for VGT at 380, for XLK at 170, for IYW at 140, and for QQQ at 400, indicating that a move below these levels would invalidate the bullish thesis. The SPY is expected to remain in a range, with a failure bound at 440 suggesting a bearish turn if it exceeds this level.

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