Big Tech stocks are quickly falling out of favor. Here's the market's new momentum trade.

Core Viewpoint - The U.S. stock market has experienced an upward trend this year despite concerns regarding the Federal Reserve's independence and increasing tensions in U.S. foreign policy [1] Group 1: Market Trends - Investors are shifting away from Big Tech stocks, leading to a significant rotation in the market [2] - A popular exchange-traded fund focused on Big Tech is on track for its longest monthly losing streak since 2023 [2] - This rotation is enhancing market breadth, with a wider variety of stocks participating in the rally, contributing to record peaks in 2026 [2]