Semiconductor Sector Surge Continues: 3 Critical Afternoon Trading Signals to Watch

Semiconductor stocks extend their blistering rally as chip demand defies broader market uncertainty.

Technical Breakouts: Watch for sustained momentum above key resistance levels as institutional money flows into chip manufacturers.

Volume Confirmation: Monitor afternoon trading volumes - genuine breakouts require heavy institutional participation, not just retail enthusiasm.

Sector Rotation Patterns: Keep eyes on whether the semiconductor strength represents sustainable sector leadership or just another rotational play in this volatile market.

While traditional investors chase old-economy stocks, the real money's being made in the silicon revolution - because apparently, betting on technological progress still beats praying for central bank mercy.

Trump cut off Canada trade talks after Ontario aired Reagan ad

Trump scrapped trade talks with Canada last weekend after a regional government in Ontario aired a baseball ad quoting Ronald Reagan blasting tariffs.

The ad, which aired during playoff games, showed the late president from a 1987 radio address where he said, “The way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition.”

Reagan was referencing tariffs on Japan, but also warned about trade wars.

That clearly struck a nerve. TRUMP quickly called the ad fake and claimed Reagan actually supported tariffs. But McConnell wasn’t buying it. On Tuesday, he fired back:

“The economic harms of trade wars are not the exception to history, but the rule. And no cross-eyed reading of Reagan will reveal otherwise.”

McConnell also confirmed he’ll support all resolutions to end emergency tariff authorities.

Trump also threatened to raise the current 35% duty on Canadian goods by another 10%, but hasn’t followed through… yet. That threat is still hanging, even as Canada’s Prime Minister Mark Carney says he’s willing to get back to the table.

Carney said before the talks collapsed, there had been “considerable progress” on issues like steel, aluminum, and energy tariffs.

Senators split over Canada vs Brazil tariff justifications

Not all Republicans were on board with killing the Canada tariffs.Sen. Thom Tillis from North Carolina voted to keep them, after voting against the Brazil tariffs a day earlier.

“The Brazil tariff is very different,” Tillis said. “It appeared to center on a disagreement that had nothing to do with business or trade.”

On the other hand, Collins, who represents a border state, said she’s directly seen the harm the tariffs have caused.

“I’ve seen firsthand the damage that the Canadian tariffs have caused,” she told reporters. “I also believe the Canadians have worked very hard to try to stem the FLOW of drugs into this country… the vast majority of drugs arrive from the southern border, not the northern border. So I don’t think the basis for imposing tariffs on Canada is a valid one.”

She was joined by Murkowski and Paul, who also co-sponsored the resolution. It was the same lineup of GOP senators that joined with Democrats to block the Brazil resolution on Tuesday.

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