Tech just tanked 8% while the market only dropped 2% That's not normal. Every single other sector beat the index with staples and energy leading the charge One week doesn't break a trend, but this could be the start of something bigger Read more here: letters.thetradinginitiative…

Tech has outperformed the market by 11.5% in 50 days. That's way above the historical average of 1%. When tech gets this stretched, data shows it typically underperforms over the next 50 days. Plus China's making moves in chips now. Read more here: letters.thetradinginitiative…

Large cap growth just flipped the script. For most of 2026, mid and small caps were winning. They were up by about 10 percentage points at one point. Then September hit and everything changed after the Fed meeting on September 15-16 when they raised rates 25 basis points to 3.75-4.00 percent. Suddenly large cap growth started climbing while mid and small caps kept dropping. Here's what I think is happening: investors are getting nervous and running to safety. They're ditching the smaller, riskier plays and piling into the big established companies. Makes sense when you think about it. Large caps have pricing power, stronger balance sheets, and the resources to weather higher borrowing costs without breaking a sweat. Small companies? They feel every rate hike. This isn't just about performance anymore. It's about survival instincts kicking in. When rates go up and uncertainty creeps in, people want the boring reliable giants that print cash and dominate their industries. The market is basically telling us that defensive is the new aggressive right now. Are you seeing this shift in your own portfolio? Have you been rotating into larger positions or still betting on the smaller names?