Insurance ETFs Top Defensive Sector Chart In July As Investors Look To Pivot Slightly From Chips And AI
Growing anxiety over sprawling artificial intelligence capital spending prompted investors to rotate out of big-tech stocks and into defensive havens in July. Escalating 2026 capital outlay forecasts from technology giants—including Tesla, Meta Platforms, and Alphabet—have squeezed free cash flow and rattled market sentiment. The SPDR Insurance ETF outperformed other defensive sector ETFs in July. Wall…