Tech Stumbles While Average Stocks Post Back-to-Back Gains
The S&P 500 tech sector logged its worst week in 18 months as equal-weighted indexes quietly notched a second straight winning week.
The rotation is real — and if you've been hiding in Magnificent Seven names, you felt it this week. Tech just posted its worst weekly performance in roughly 18 months, a gut-check for anyone who thought mega-cap growth was the only game in town.
Meanwhile, the equal-weighted S&P 500 — the version where your corner-office giants count the same as a mid-cap industrial — closed out a second consecutive winning week. That's the market telling you something. Breadth is improving, and the average stock is finally pulling its weight.
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Market leadership shifts like this don't happen overnight, but they also don't reverse quietly. When tech sells off hard while the broader tape holds up, money is moving — out of crowded trades and into names that haven't been loved in years. Cyclicals, value plays, small caps: these are the corners of the market worth watching right now.
For the active trader, the message is simple. Stop asking whether the S&P is up or down and start asking *which* S&P. The cap-weighted index is still dominated by a handful of trillion-dollar companies. The equal-weighted version reflects where real rotation is happening — and right now, it's pointing higher two weeks running.
Whether this is a genuine regime change or just a short-term wobble in tech remains the key question. But the setup deserves your attention. Continue reading at MarketWatch.com
