Bartels sees the tech selloff as a sector rotation, not a broad market peak. Semis are overbought and due for a 20-30% correction, but the economy is strong, small caps are in a new bull market, and the consumer remains resilient. She expects the Fed under Warsh to focus on data and price stability.
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Sanctuary Wealth
6.0
Asset Manager $27.00B
Mary Ann Bartels 9.5
Asset Manager $27.00B
Mary Ann Bartels 9.5
6/24/2026 12:29:08 AM
dxy
The US dollar is starting to break out.
ndx
The selloff is primarily a tech/semiconductor issue. Tech is extraordinarily overbought. This is a correction.
| 5/28/2026 2:36:54 PM | medium term up | 20 days later | +0.24% | +0.24% |
| 5/11/2026 8:32:50 PM | medium term up | 20 days later | +4.99% | +4.99% |
| 9/24/2025 3:01:03 AM | medium term up | 20 days later | +1.43% | +1.43% |
| 8/28/2025 9:00:49 PM | long term up | 60 days later | +11.09% | +11.09% |
| 7/18/2025 3:28:55 PM | short term sharp up | 7 days later | +0.76% | +1.14% |
rut
Small caps are in the early stages of a new secular bull market.
| 5/28/2026 2:36:54 PM | medium term up | 20 days later | +2.07% | +2.07% |
| 3/2/2026 8:34:28 PM | medium term up | 20 days later | -4.38% | -4.38% |
yields
Bartels notes the market is pricing in higher rates based on the dollar and Warsh's comments, and the 2-year yield shot up.
