IBAFIN

As the software sector takes a hit, investors are witnessing a familiar tale of rotation playing out in the US stock market. Despite the index’s slight pullback, the S&P 500 remains resilient, thanks to gains in energy, materials, and staples. However, this rotation masks the underlying damage in the tech sector, which is poised to…

As the software selloff enters its eighth consecutive day, industry experts are warning of a potential “unresolvable existential threat.” According to Aaron Nordvik, the sector is facing a significant challenge that could have far-reaching consequences. Despite strong EPS revisions, valuations are collapsing, with the Software ETF (IGV) not being this oversold since 2006. The selloff…

Today’s market action has been nothing short of chaotic, with a violent reversal occurring in the midst of a previously positive trend. According to Goldman’s mid-day wrap, the Momentum pair (GSPRHIMO) experienced its best session of the year, but today saw a staggering 12% decline, its worst since 2022. Both legs of the pair contributed…

As we continue to navigate the complexities of the financial landscape, it’s impossible not to notice a familiar pattern emerging once again. The markets are replaying the same script we saw from November ’24 into the February ’25 selloff. This time around, however, there’s a twist. Instead of consolidating gains as we did last year,…

As we continue to navigate the complex and unpredictable landscape of global markets, the question on everyone’s mind remains impossible to answer: what inning are we in? The cyclical rotations that have been unfolding over the past few weeks have left investors feeling anxious and uncertain about the future. Despite the initial optimism at the…

IGV, a cryptocurrency-focused exchange-traded fund (ETF), has reached oversold levels not seen since May 2006, according to its relative strength index (RSI). The RSI reading of 16.6 is a significant indicator of potential market bottoms and could signal a turnaround in the fund’s performance. The last time IGV saw such oversold conditions was during the…

Gold prices have been on an upward trajectory in recent days, with the metal pushing above $5,000 per ounce once again. This surge has led to increased volatility in the market, making it a challenging environment for investors and traders alike. According to UBS’s Strategic and Tactical Research team, main flows are currently real money…

The world of technology is abuzz with talk of AI vulnerability (-7%, -5z) and how it’s impacting the industry. With fierce competition heating up, earnings haven’t quite cracked yet, but the valuation premium built up over time is clearly deflating. The Mag7 dispersion is becoming more visible, particularly against the backdrop of continued strength in…