Tech Takes Backseat: Meta, Google Lead Market Rebound Signal

A shift in sector leadership in US stocks indicates a potential end to the correction and a forthcoming market bottom. The tech sector, previously leading the market, has been overtaken by communication services, with Meta and Google driving the latter's recent outperformance.
Historical data shows that previous market corrections were accompanied by a change in sector leadership, often signaling the bottom before the next market upswing.
Despite recent market volatility, factors such as excess liquidity, low near-term recession risk, and the ongoing primary bull trend suggest that the current price decline is likely a correction rather than a prolonged downturn.