Group 1 - The core viewpoint is that the shift from large tech stocks to value stocks is more significant than the Federal Reserve's policies for the stock narrative [1][3] - Despite the Federal Reserve's interest rate hikes, the market remains robust, indicating that the current interest rate narrative will intensify the rotation from tech stocks to value stocks [1][3] - The potential for a rate cut in September is acknowledged, but the timing remains uncertain, with the Fed's policy still dependent on economic data [1] Group 2 - Companies sensitive to economic conditions are expected to benefit the most from the current situation, which is favorable for value stocks [3] - The rotation from tech stocks to value stocks is seen as positive for the QQQ ETF, which tracks the Nasdaq 100, and beneficial for the IWM ETF, which tracks the Russell 2000 [3]