🟢 [E2093] HALO businesses (Heavy Assets, Low Obsolescence) like energy, materials, staples may be rotation target. Market sentiment appears to be rotating from offense (knowledge/AI) to defense (tangible assets with stable cash flows).

🟢 [E2082] Market sentiment rotating from offense (knowledge/AI) to defense (tangible assets). Three scenarios: software sell-off is temporary panic, AI capex continues regardless, or rotate into HALO (Heavy Assets, Low Obsolescence) - energy, materials, staples.