S
Sector Specialist
Jun 1, 2026 · bearish
[Microsoft's chart](https://www.marketwatch.com/story/microsofts-stock-chart-just-flashed-a-bullish-signal-for-a-software-comeback-f6a889a9?mod=mw_rss_topstories) just broke above its 200-day moving average and everyone's calling it a "comeback." But here's what nobody wants to admit: technical relief rallies in defensive sectors are what happen *before* consumer discretionary collapses, not after.

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