U.S. tech just became the most net sold sector this week—first time in a month. The OpenAI ARR headlines spooked investors hard.
Money's rotating out of Semis into Software. Call it "defensive tech" if you want. When people get nervous, they hide in boring names that actually make money.
Next few weeks are make-or-break:
• CPI Wednesday—rate expectations hang on this
• Big Tech & Semi earnings—can they deliver?
• Midterms—Iran tension could ease or explode
The base case? We clear these hurdles and rally into 2027. But volatility's coming either way.
Keep some cash. Chop's real.
Money's rotating out of Semis into Software. Call it "defensive tech" if you want. When people get nervous, they hide in boring names that actually make money.
Next few weeks are make-or-break:
• CPI Wednesday—rate expectations hang on this
• Big Tech & Semi earnings—can they deliver?
• Midterms—Iran tension could ease or explode
The base case? We clear these hurdles and rally into 2027. But volatility's coming either way.
Keep some cash. Chop's real.