S&P 500 Semiconductor Index hits all-time high by Q3 2026

Given the Philadelphia Semiconductor Index's historic overbought levels and its previous peaks in 1995 and 2000, the index will surpass its prior highs by September 30, 2026. This aligns with the 'embrace it' camp's argument that the 1999 parallel is bullish.

Implied probability (Yes)

72%