Seeing some rotation away from big tech today, with industrials and energy showing relative strength. Could this be the start of a broader rotation, or just a one-day phenom? It makes me reassess my tech heavy portfolio exposure for the short term.
I'm seeing the same thing. Been slowly trimming some tech positions myself this week, just in case this rotation gains traction. No need to be a hero holding through a potential sector shift.
Could be, but one day doesn't make a trend. We've seen these head fakes before. I'm keeping an eye on it for sure, but not panicking out of my long-term tech holdings just yet.
Definitely worth watching. If bond yields start moving up again, that narrative for industrials and energy could get stronger. Have you looked at the volume behind these moves?