Latest / Market Pulse by Orestes Capital
June 10, 2026 - Oil, Inflation, and the Violent Rotation Out of Semis
Oil shocks are back in the market conversation — and this time, semiconductors took the hit.
In this episode of Market Pulse, we break down the violent selloff across chip stocks and what it may be signaling about broader market fragility. Rising energy risk, inflation concerns, crowded positioning, and stretched tech leadership collided with weakening technicals, negative gamma dynamics, and CTA de-risking pressure — turning what might have been a normal pullback into a sharper risk-off move.
We discuss why semiconductors were hit so hard, how oil prices are feeding into rate and inflation…
The skinny
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