Thoughts on Tech Bounce Back in July

Looking at the current climate, particularly with some of the pressure on broader growth names, I'm starting to think we might see a more substantial bounce back for the tech sector by month-end, specifically targeting late July. We've seen names like $KWEB dip to levels around 28.18 today, and while there's clear apprehension, a lot of the 'bad news' seems to be priced in, or close to it, for some of these sectors.

I'd put the odds at about 60% that we see $KWEB trade back above the 30 handle before August. The reasoning is multifaceted: quarter-end rebalancing often brings some capitulation, and historically, early July has seen money rotate back into what's been beaten down. Plus, if we get any hint of inflation cooling or a slightly less hawkish Fed tone, tech would be among the first to react positively. It's a forecast, not an invitation, but the risk/reward seems to be shifting.