Tech giants have been taking a hit lately. Money's flowing out of those massive tech names and flooding into smaller, cyclical plays—stocks that actually care about the economy's ups and downs. The result? NASDAQ 100 just had its worst month in a while, getting knocked down pretty hard. Meanwhile, the Russell 2000? It's been on a hot streak, posting gains for nine sessions running. Investors are clearly positioning themselves for something steadier ahead, recalibrating their bets as interest rate expectations shift and the macro backdrop evolves.