Investors are rotating out of technology stocks into cyclical, defensive, and value sectors, with small caps and healthcare leading gains. The Russell 2000 small-cap index has outperformed with over 22% year-to-date gains, while major tech stocks have lagged. AI-driven capital spending benefits hardware and chip companies, but potential cyclical spending cuts pose risks. Disinflation, easing energy prices, and steady consumer spending are expected to support broader market gains and selective sector strength into the second quarter earnings season.
The Columbia Seligman Premium Technology Growth (STK) closed-end fund is trading at its widest discount to net asset value in over ten years, currently 7.9%, driven by recent tech sector volatility and profit-taking. Despite a market pause since mid-...
The iShares Russell 2000 ETF (IWM) charges a 0.19% expense ratio, significantly higher than similar ETFs like Vanguard's VTWO and iShares Core's IJR, which charge about a third of that. Beyond fees, IWM suffers from an annual drag due to the Russell ...
