Business & Finance
‘Extreme’ Rotations Leave Stock Market Bulls Without a Playbook
Key Points
‘Extreme’ Rotations Leave Stock Market Bulls Without a Playbook Investors used to watching US equities go nowhere but up since late March have spent the past week without a reliable playbook. Conviction in technology megacaps, the market’s most reliable bets for most of the spring, has deteriorated, forcing the group to flip-flop between losses and gains. Reversals stung the broader S&P 500 Index, too, as the gauge earlier this week clocked one of the biggest swings since the peak of the...
‘Extreme’ Rotations Leave Stock Market Bulls Without a Playbook
Investors used to watching US equities go nowhere but up since late March have spent the past week without a reliable playbook.
Conviction in technology megacaps, the market’s most reliable bets for most of the spring, has deteriorated, forcing the group to flip-flop between losses and gains. Reversals stung the broader S&P 500 Index, too, as the gauge earlier this week clocked one of the biggest swings since the peak of the tariff-related rout in April 2025.