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mid day thoughts -29 may 26
Rally broadens out across software names getting rerated back - at these levels despite them being up 10% - put it into context that many names are down 30-40% still ytd. Uranium also made a come back from being down 5% across the board to being slightly positive up 2%. Neoclouds as a sector was punished hard with names trading down 5%, $NBIS is also down 2%. $ORCL put in a strong showing, being up 10% for the day - unsurprising imo - i think $ORCL ends the year for new highs.