S&P 500 is surviving Big Tech's slide as 'other 493' catch up

Investors are likely to see positive shifts in sectors like real estate and utilities, as they provide relative safety in uncertain economic times. The anticipation of interest rate cuts from the Federal Reserve also bolsters these sectors, making them attractive. However, tech stocks might not be entirely dismissed, especially those with robust earnings potential. Thus, a diversified investment strategy focusing on both defensive sectors and selective tech stocks could be prudent.

Given the decline in the tech giants and a market shift towards more defensive stocks, the expectation is that ETFs focused on traditional sectors like utilities and real estate will see increased demand. This suggests a possible downward pressure on tech stocks as investors pull back. Nevertheless, stocks in the healthcare sector are also showing robust growth potential, aligning with the observation of earnings recovery.