When the GOATs Lead, the Team Wins
I don't know if you heard, but the FIFA Club World Cup is playing out across the U.S. this month.
The best teams from every country are here—Real Madrid, Manchester City, PSG, Flamengo, Al Ahly, Boca Juniors, and River Plate.
For those who like soccer, it's a great time to enjoy.
Yesterday, Inter Miami made history—becoming the first club from the US to defeat a European team in an official FIFA tournament.
And of course, Messi delivered. He scored a ridiculous goal to win the match and reminded everyone why he's in a league of his own.
These players are different. Like Jordan in basketball, Tiger in golf, or Brady in football—when they show up and carry the team, everything changes. The odds tilt in your favor.
Same thing happens in markets.
We think of semiconductors as the Messi's of this game. These are arguably the most important companies on the planet. They power the global economy and carry major weight in the indexes.
How they perform often sets the tone for the rest of the market.
Semis just failed to complete a nasty top relative to the S&P 500.