6/2/2026 - Only two sectors finished in the plus column yesterday, but
it was enough to nudge the S&P 500 (SPX) into the green on
the session. It was all about software (IGV) at the expense
of hardware. It was also mostly about momentum and growth,
although as the session went on, mid-cap quality and small-
cap revenue caught bids. Software has smashed above the 200-
day moving average, as ‘shorts’ and ‘longs’ scrambled....
Payne's Perspective: Everyone's Talking About SpaceX
5/26/2026 By Charles Payne, CEO & Principal AnalystWe have morphed from the Cloud Era to the Gen AI Era, $435B up 5X since 2024, and it's turned everything upside down. Software (IGV) was once eating the world, capturing 70% of application gross profits, followed by infrastructure and, finally, hardware.
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