RE:All the betting stocks...Just a general sector rotation from high risk, high growth / tech stocks to bread and butter value stocks. The economy is reopening, there are tons of stocks on sale which will do better in the coming Qs and they have predictable and real revenue streams. Institutions no longer have to chase risky stocks to get their returns and are basically derisking their portfolios and are satisfied with steady returns from established name brand companies. There are few, if any, companies in this sector that are actually making money so this whole sector is "fluffy" and they all have had a terrific run.
Once value stocks are fully priced, there will a rotation again back to high risk stocks, and the cycle will continue. Timeline unknown.