The Market Rotation and Broadening Trade has commenced.

The past 2 months has seen a concentration in growth within the semiconductors and the adjacent players (energy, utilities, materials). Friday was a wakeup call. Of course, meanwhile the meme tech stock subreddits would insist their words carries more weight than a simple correlation test. https://preview.redd.it/tyyiqt756e6h1.png?width=960&format=png&auto=webp&s=e6dce8a73eb72a9624423fd785074143b0fc4cb1 https://preview.redd.it/mejeqr756e6h1.png?width=971&format=png&auto=webp&s=60a77da878b75cbca5571dd54a884c69a28f5511 https://preview.redd.it/8841xr756e6h1.png?width=983&format=png&auto=webp&s=35255a8d8d4a0ed42a6c824b549cc61acee11963 https://preview.redd.it/xfy6ns756e6h1.png?width=988&format=png&auto=webp&s=1e3670fe15c48a7d286e21bc34b27caea6cf09fd https://preview.redd.it/tp1v6r756e6h1.png?width=977&format=png&auto=webp&s=baa38c22d61da88b81ab1a868a3b46deb2a3dda9 https://preview.redd.it/st49uv756e6h1.png?width=975&format=png&auto=webp&s=7621c8b5e6d06f185b480d4abe9e8b12bba8e0ae https://preview.redd.it/5itw0s756e6h1.png?width=978&format=png&auto=webp&s=93a52b5d3c101bd4be053c6b698969a3b5afa402 https://preview.redd.it/w0096r756e6h1.png?width=960&format=png&auto=webp&s=78b2181934dfa27b6b7f0149a19fdd53d317b600 https://preview.redd.it/cu1i6t756e6h1.png?width=970&format=png&auto=webp&s=2c51da3fa307e191eae4e8144b7fb97f69f051db https://preview.redd.it/68eais756e6h1.png?width=959&format=png&auto=webp&s=4ccc127544b46822c739fe398951ce3efb2cac03 https://preview.redd.it/i2r2ns756e6h1.png?width=970&format=png&auto=webp&s=ab25a651b7273aca37bfbaabe6afa2f3332d4512 The rotation is clear in the first week of June 2026. The April BLS jobs report and stronger than expected new and existing US home sales cements the case of a hotter economy (albeit mostly in healthcare with leisure and hospitality being the runner up). The April CPI and prolonged Iran - US conflict will continue to weight on the highly speculative tech and semis rally.