The Software Apocalypse: Has the Storm Passed? The iShares Expanded Tech Software Sector ETF (IGV) has triggered a rare technical "Thrust" signal reminiscent of 2002, 2009, and 2020.
This development has been hailed by some as a sign that the software industry's struggles are behind us, but is it truly business as usual in Silicon Valley?
A closer look at the current state of affairs suggests otherwise. The IGV's 24. 5% rally over five weeks is impressive, but its momentum signal is not without precedent.