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I think what Cramer is saying does have part to do with it. But also the 10-Year rate rising. And Powell's talk on inflation. I'm down 15%, Cathy Wood is down 25%. It's surprising what is currently still up YTD. Berkshire for one. Infrastructure for another (look at PAVE for a big picture view). Value as well (VBR is up almost 12% year to date).

I think the tech valuation is going out of favor, and a rotation is starting.
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