Bloomberg Businessweek Stock Rotation Hits Tech Giants as Small Caps Rise
10 snips
Feb 3, 2026 
Jaime Magyera, BlackRock retirement lead, on starter savings and lifetime income options. Patrick Clark, real estate reporter, on rent-to-own and build-to-rent plans dubbed “Trump Homes.” Neil Dutta, Renaissance Macro Research chief economist, on Fed leadership, policy shifts and market rotation into value. They riff on tech selloffs, housing strategies and monetary risks in a fast-moving market.
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AI Tools Threaten Established Software Revenue
- Anthropic's new automation tool spooked markets by threatening incumbents in software and data services.
- Eric Weiner says investors fear AI will replace revenue streams for companies like S&P Global and LSE.
Warsh’s Tone Shift Raises Market Questions
- Neil Dutta finds Kevin Warsh shifted from long-term hawkishness to a softer stance while seeking the Fed job.
- Dutta cautions markets may test a new Fed chair if past transitions are any guide.
Fed Chair Changes Have Big Market Impact
- Years with Fed chair changes saw large average S&P drawdowns historically.
- Renaissance Macro flags a 17% average downside around leadership transitions for the past four chairs.