Bargain Alert: 2 Brand-Name Software Stocks That Haven't Been This Cheap in Over a Decade

The S&P 500 and the iShares Expanded Tech-Software Sector ETF, which have historically moved together, are currently diverging: the S&P 500 is about 2% below its all-time high while the software ETF is down 37%. The article highlights a relative underperformance in software versus the broader market rather than a fundamental catalyst. This is mainly a market-structure and positioning signal with limited immediate price impact.

Analysis

The S&P 500 and the iShares Expanded Tech-Software Sector ETF, which have historically moved together, are currently diverging: the S&P 500 is about 2% below its all-time high while the software ETF is down 37%. The article highlights a relative underperformance in software versus the broader market rather than a fundamental catalyst. This is mainly a market-structure and positioning signal with limited immediate price impact.