Adam and Blake Anderson from WealthGuard Advisors break down the recent software sector selloff and what it could mean for the broader market. With the S&P 500 struggling to retake 7,000 and major tech names pulling back, investors are asking whether the market is rolling over or simply resetting.
In this episode:
- Why the S&P 500 is testing key support near 6,750
- The impact of the Magnificent Seven pulling back
- Software ETF IGV down roughly 30 percent and what that could signal
- A closer look at Salesforce and whether the selloff is overdone
- What to watch in upcoming earnings including Palo Alto Networks and Walmart
- How we look for confirmation before stepping into beaten-down sectors
While volatility can create uncertainty, it can also create opportunity. The key is patience and disciplined positioning.
