SII, PODD, ENSG: What Semiconductor Weakness Means

April was supposed to be very strong seasonally, but the SPX and NDX were down modestly, notes Paul Schatz. He breaks down April's monthly stock performance. He talks about how mid and small-caps continue to behave poorly and semiconductors are rolling over with banks in the toilet. He mentions that bonds still look great and the Fed probably has one more hike and is done. He then goes over what weakness in semiconductor stock indicate. He also previews expectations ahead of next week's FOMC meeting. Finally, he examines his stock picks which include Sprott (SII), Insulter (PODD), and Ensign (ENSG). Tune in to find out more about the stock market today.