Jerome Powell, the ex-Fed chair, said this month that if a president could fire Fed officials just for disagreeing on policy, the central bank would lose the trust needed to keep the economy stable and strong.
Asian chip stocks are on an absolute tear right now.
The MSCI EM Semiconductors vs Magnificent 7 ratio just hit a record ~205, more than doubling since early 2026.
While the Mag 7 is down -7% this year, the EM chip index is up +91%.
Biggest drivers? South Korean giants
Contribution Margin vs Gross Margin — two different ways to look at profitability. One focuses on covering fixed costs, the other on production efficiency. Both matter, just for different decisions 💡