Rotation out of Tech has begun

If there is one thing I can take out of recent market movements, it's that the rotation out of the Tech trade has officially begun. One of the most common patterns of being in a late cycle bull market is the "broadening out of the market". For the past several years, gains were driven primarily by rises in high flying tech companies that seemingly "could not miss". However valuations grew to epic proportions. What we are seeing now is average retail investors flocking to traditionally "boring" sectors like commodities, primarily Gold/Silver and Energy. Gold/Silver at this point has risen so much, and so quickly, it is basically a glorified FOMO trade. However, with Oil at under $63/barrel Energy probably has the best legs to continue outperforming the market. That being said, certain beaten down tech names are becoming very technically cheap, and while they may not present ideal investments in a short-term horizon of the next 3 months, I think long-term investors will see this as a good entry point to pick up certain mid-small cap tech names at a steep discount. In the words of the great Buffet, "Be fearful when others are greedy and greedy when others are fearful". Happy investing everyone!