Equities Update — A broad market rotation away from tech and into defensive value, driven by a steepening yield curve and a flight to safety in healthcare and staples.

Oct 16, 2026 12:38

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The technology sector is bleeding out, dragging the Nasdaq-100 down nearly two percent while the VIX remains stubbornly flat.

Theme: A broad market rotation away from tech and into defensive value, driven by a steepening yield curve and a flight to safety in healthcare and staples.

Focus: XLV (sector rotation), XLK (technical breakdown), SPY (technical support), XLF (macro beneficiary), IWM…