3 charts to understand the stock market's 'mega rotation' out of tech
Bogdan Hofbauer
The tech sector had a rough week , but resilience in other areas of the market show a broad rotation is underway amid growing fatigue in some hot investment themes. Beyond tech, other parts of the market held up in the week, signaling investors are moving into other areas. Craig Johnson, Piper Sandler's chief market technician, described the recent moves as a "mega rotation." "The market is undergoing a 'mega rotation,' with capital aggressively shifting from lagging mega-cap tech into cyclical
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