Rotation Out of AI/Chips & Tech Mega-Caps? · Brutal intraday selloff followed by a rebound left technology, energy, and materials with negative breadths. · The rest of the market looks fine, similar to Bloody Friday, but more pronounced in non-tech sectors. · It does appear that investors are rotating out of AI and Semiconductors into other sectors. · This rotation may last for a while, but eventually most sectors should head down into October.
Published Jun 09, 2026Updated Jun 09, 20262 min read
Rotation Out of AI/Chips & Tech Mega-Caps? · Brutal intraday selloff followed by a rebound left technology, energy, and materials with negative breadths. · The rest of the market looks fine, similar to Bloody Friday, but more pronounced in non-tech sectors. · It does appear that investors are rotating out of AI and Semiconductors into other sectors. · This rotation may last for a while, but eventually most sectors should head down into October.
