Summary

• After a massive bounce in May, software stocks have done nothing but trade lower so far in June.
• The iShares Expanded Tech-Software Sector ETF has even broken back below its 50-day moving average after sitting more than 20% above it at the start of the month.
• Interestingly, the AI infrastructure stocks are getting crushed today, which has caused money to flow back into software stocks.

After a massive bounce in May, software stocks have done nothing but trade lower so far in June. As shown below, the iShares Expanded Tech-Software Sector ETF (IGV) has even broken back below its