🟢 IGV is trading 1.5% up today as cooling inflation fuels growth rotation

IGV is trading 1.5% up today as investors rotate back into growth names following softer June CPI inflation and easing rate-hike expectations.

• The software sector is benefiting from lower-rate optimism and a broader Nasdaq recovery after a recent valuation-driven pullback and AI-related budget concerns.
• Despite IBM’s revenue warning regarding shifts in enterprise IT spending toward AI infrastructure, the software group is broadly rising alongside other risk assets.
• The rebound reflects improved sentiment for high-growth stocks as cooling inflation data suggests a more favorable macroeconomic environment for tech valuations.