Markets just pulled off a head-spinning sector rotation as money flowed out of crowded growth names and into value, cyclicals, and defensives. Mega-cap tech like $AAPL, $MSFT, and $NVDA cooled off, while money rotated into areas tied to rates, energy, and financials like $XLF and $XLE. Traders are reacting to shifting rate expectations, macro data, and earnings signals, which means yesterday’s winners aren’t guaranteed to lead tomorrow. This kind of rotation can be healthy for market breadth, but it’s brutal if you’re stuck chasing last month’s trade. Volatility stays elevated, leadership keeps changing, and stock picking matters more than just riding the index. So…is this the start of a real regime shift away from mega-cap tech, or just a temporary shuffle before money flows right back in?