ABDE

The Top 10’s YTD: A Tale of Energy Strength, Mega-Cap Fatigue, and Software Reset

Year-to-date performance across the S&P 100 continues to highlight a powerful market rotation—one driven less by broad bullish or bearish sentiment and more by shifting narratives, earnings durability, and valuation resets. Let’s take a look at year-to-date performance for energy, mega-caps and software—highlighting a select group of extreme performers—with lots of volatile big risks and increasingly tempting opportunities.