$SPX EPS Surges While $IGV $CRM $NOW See Historic Rotation Out of Software
$S&P 500(.SPX)$ EPS estimates are being revised UP at a pace we have not seen in the last decade.
Typically at this point in the year, consensus EPS estimates are being revised downward. Not this year.
Now that the Macro headwinds are clearing, the earnings picture underneath is super strong.
Software vs. Semis just posted its biggest 1-day move lower on record.
The rotation out of Software is truly historic.
$iShares Expanded Tech-Software Sector ETF(IGV)$ $Palantir Technologies Inc.(PLTR)$ $ServiceNow(NOW)$ $Salesforce.com(CRM)$ $Cloudflare, Inc.(NET)$ $Fastly, Inc.(FSLY)$
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