No qualifying author-owned investment thesis was confirmed in this post.
The author does not explicitly name IGV, and the thesis is a question about market timing rather than a fundamental investment judgment.
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Put together a deep dive on what actually happened last week beneath the surface. S&P was flat but that's hiding one of the most violent sector rotations I've tracked.
Key points:
\- Software down 10% in a week (30% from Sept highs)
\- Manufacturing ISM surprise drove cyclical rally
\- 6,700 on SPX is the critical support level
Here's my full analysis: \[[link](https://unhedgedshortconvexitykills.substack.com/p/my-weekly-market-outlook-week-of)\]
The main question I'm wrestling with:
is this a tradeable rotation or the start of something uglier?
Software positioning looks like classic smart dump money setup.
What are you all seeing in your portfolios?
Anyone else waiting for capitulation before buying the tech dip?