Smart Money Is Rotating Out of Tech—Here's Where It's Going

• S&P 500 earnings are robust, with double-digit growth for the fifth consecutive quarter, indicating corporate strength.
• Market leadership is broadening beyond technology, with financials, healthcare, energy, and small caps (Russell 2000) expected to contribute significantly.
• Investors should diversify their portfolios, consider mid-cap and small-cap exposure, and keep 'dry powder' to capitalize on potential volatility and dips.
• Specific stock opportunities mentioned include Toll Brothers (TOL), Goldman Sachs (GS), Morgan Stanley (MS), Microsoft (MSFT), and Disney (DIS).

The analyst is bullish on the market's broadening leadership beyond tech, citing strong S&P 500 earnings and potential for small caps, financials, and housing to drive growth. Investors are advised to diversify, maintain dry powder for volatility, and look for buying opportunities in quality names.