ROTATION out of tech has begun TODAYIn the USA the CPI figure showed a .1% drop in inflation which surprised the markets and assured the US of an interest rate cut as early as September.
This .1% drop in CPI has also started a much needed rotation out of the tech stocks and into stocks that were sensitive to interest rates. To name a few, Home Depot (as home renovations will begin to take off), Caterpillar (as farmers will be able to afford new equipment), etc...
Most of the market 80% has lagged the tech stocks where interest rates had little influence. Now investors are cashing in on their profits and moving money to small caps which were interest rate sensitive. Rally that interest rate relief is actually coming and not hyped.
This bodes well for NILI as they will also need financing for year 2025 of $25 million, so lower rates opens up the wallets to those with money in wanting a higher return on their cash.
Good Luck,