Software Due for ‘Vicious Rally’ Says Jefferies’ Toomey

Core Viewpoint - Software stocks are poised for a significant rebound, referred to as a "vicious rally" by Jefferies' Michael Toomey [1] Group 1: Market Performance - The iShares Expanded Tech-Software Sector ETF (IGV) experienced a decline of 1.3%, trading at $84.30 after hitting a low of $81.56 earlier in the day [1] - The recent uptick from the lows indicates potential recovery signs in the software sector [1] Group 2: Analyst Insights - Michael Toomey expresses confidence that software stocks will rally from their current position, suggesting a positive outlook for the sector [1]