We're Seeing a Subtle Rotation Away From Big Tech

Wha' happened? The words of the great Fred Willard from "For Your Consideration" were echoing in my head as I watched the Nasdaq's sudden intraday reversal on Thursday. I flipped on CNBC. Bob Pisani did not have a simple explanation for Thursday's trading pattern, either.

A general state of confusion is indicative of the phenomenon I have mentioned in several of my recent Real Money columns: group rotation. When institutional portfolio managers rotate out of a sector they do it with little fanfare and no prior notice. It just happens, and it's not event-driven. We are all so addicted to the 24/7 news cycle that affects stocks as much as other news categories that we often miss the forest for the trees....422 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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