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MSFTBEARORCLBEARMETABEARDOWBULLMIXEDSubstantive discussion · 3/5

Rotation out of Mega-Cap Tech into Cyclicals

Market leadership is rotating away from popular Mega-Cap Tech names into lower-profile defensive and cyclical sectors like utilities, industrials, and chemicals.

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MSFT: Rotation out of Mega-Cap Tech into Cyclicals · Zortix