Today is a risk-off day to sell the things that have done well, says DCLA's Sarat Sethi

• Major stock averages are lower, with financials and software stocks leading the declines due to macroeconomic uncertainties.
• There's a rotation of capital into 'hard assets' such as energy and consumer staples, with utilities and real estate hitting all-time highs.
• Nvidia's upcoming earnings report is seen as a crucial event; strong CapEx, hyperscaler spending, and chip demand are necessary to stabilize the market.

Sarat Sethi of DCLA describes the current market as a 'risk-off' day, characterized by broad selling in financials and software stocks due to ongoing uncertainty around tariffs and interest rates. He notes a rotation into 'hard assets' like energy and consumer staples, while highlighting Nvidia's upcoming earnings as a critical catalyst for market stabilization.