Massive rotation from tech and tech related sectors
Massive rotation from tech and tech related sectors: Sevens Report Editor, Tom Essaye, Quoted in Barron’s
Why Tech Stocks Dropped — And Everything Else Popped
“Bottom line, this massive rotation from tech and tech related sectors was caused primarily by investors positioning for a rate cutting cycle and secondarily by anticipation for a Trump administration and negative tech news,” writes Sevens Report’s Tom Essaye. “The intensity of it was absolutely turbocharged by the historically crowded trade of ‘long mega-cap tech,’ which is making this rotation out of tech and into cyclicals, value and the ‘rest of the market’ more intense.”
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