While fear and panic have gripped the AI trade and broader technology sector, one corner of the market has recently made new 52-week highs. The Financial Select Sector SPDR Fund (NYSEARCA: XLF) recently touched a fresh all-time high of $57.60 before easing back into the mid-$50s.
Over the past month, as semiconductor stocks and the broader AI complex corrected hard, financials stocks have gained close to 5.5%. That kind of relative strength, at a moment when the market's former leaders are struggling, is exactly the type of rotation worth paying attention to.
