February’s ‘panic’ rotation in stocks sets the stage for more tumult in March

A rare alliance against Big Tech came together in February. Now that could be put to the test. - Getty Images/iStockphoto February brought a sharp rotation away from the group of megacap tech stocks known as the Magnificent Seven MAGS, sparking an “everything but tech” rally that lifted economically sensitive names as well as recession shelters. That unusual unity, however, may already be starting to crack as the month draws to a close, suggesting the market’s temporary alliance against Big Tech may not ...