It one of the worst weeks for tech stocks of the year, and Wall Street spent much of it confronting a question it had been too euphoric to ask: what exactly are we getting for all this AI spending?
A trend reversal in fund-flow data may show that investors are switching their focus from tech stocks to sectors in line to benefit as midterm elections approach this fall: illiquid cyclicals, housing, REITs, and small and midcap stocks.
