Core Insights - The stock market is experiencing volatility near all-time highs, prompting a strategy shift to reallocate investments from large-cap tech stocks to more undervalued sectors [1] Group 1: Market Strategy - The current strategy involves reallocating the majority of the portfolio away from expensive large-cap technology stocks that have driven gains this year [1] Group 2: Analyst Background - The analyst has extensive experience covering technology companies on Wall Street and has worked in Silicon Valley, providing insights into industry trends [1] - The analyst has been contributing to Seeking Alpha since 2017 and has been featured in various web publications, indicating a strong presence in the investment community [1]

And we start off with the seeming shift out of this year's best performing stocks and sectors to some of the biggest lagards. The NASDAQ climbing to new records to close out the first half. Semis far outperforming the broader market. And names like Netflix, Palanteer, Coinbase all soared. But today, all those trades were losing steam. Meanwhile, the long underperforming small caps, they jumped today. So the defensive healthc care names, retailers like Target, Insurers, and Staples. So what do you make of th ...