---
title: "Watch: Semiconductor Concentration Risk & The Oil Shock That Wasn't"
description: Filmed on June 30th, Ryan Mumy and Justin Greenhill walk through the charts shaping markets right now, from rising inflation measures to a semiconductor sector that keeps climbing.
---

[Market Insights & Commentary | Bogue Sound Financial](https://boguesoundfinancial.com/market-insights)

# [Watch: Semiconductor Concentration Risk & The Oil Shock That Wasn't](https://boguesoundfinancial.com/market-insights/watch-semiconductor-concentration-risk-the-oil-shock-that-wasnt)

 Written by [Bogue Sound Financial](https://boguesoundfinancial.com/market-insights/author/bogue-sound-financial) | 2026 Jul 8

Filmed on June 30th, Ryan Mumy and Justin Greenhill walk through the charts shaping markets right now, from rising inflation measures to a semiconductor sector that keeps climbing.

 

- Core PCE inflation ticking higher even as it stays below 2022 peaks
- Consumer spending accelerating despite falling sentiment and higher prices
- Fed funds futures swinging from pricing cuts to pricing a hike
- Leveraged ETF assets surging to record levels across major sectors
- Chinese AI models rapidly closing the gap with US leaders
- Semiconductors posting their best quarter ever, now 18% of the S&P 500
- Triple-leveraged semiconductor ETF assets spiking to new highs
- Mag Seven trading volume waning as capital rotates into semiconductors
- Buyback blackout period arriving as mega caps shift toward share issuance
- Two-year Treasury yield climbing above the Fed funds rate
- Oil prices erasing the entire Iran conflict risk premium
- Precious metals giving back much of this year's early gains

[View full post](https://boguesoundfinancial.com/market-insights/watch-semiconductor-concentration-risk-the-oil-shock-that-wasnt)

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