Software just had its best day ever relative to chips.
Biggest outperformance in history.
This is what rotation looks like in real time — money doesn't leave the market, it just changes seats. Chips got ahead of themselves, software lagged, now the rubber band snaps back.
Don't confuse short-term noise with long-term direction. Both sectors are fine. One just got too expensive, the other too cheap. Markets do this constantly.
If you're panicking because your semiconductor holdings had a bad day, you're probably overconcentrated or overleveraged. Fix the position size, not the thesis.
Biggest outperformance in history.
This is what rotation looks like in real time — money doesn't leave the market, it just changes seats. Chips got ahead of themselves, software lagged, now the rubber band snaps back.
Don't confuse short-term noise with long-term direction. Both sectors are fine. One just got too expensive, the other too cheap. Markets do this constantly.
If you're panicking because your semiconductor holdings had a bad day, you're probably overconcentrated or overleveraged. Fix the position size, not the thesis.
