Executive Summary The rotation in equity markets continued during February, as non-US and dividend-oriented stocks advanced while the S&P 500 and Nasdaq Composite (a proxy for large US technology-related stocks) declined. A series of artificial intelligence (AI) related releases from Anthropic and OpenAI triggered a sell-off in enterprise software, cybersecurity, and legacy technology service companies as the market wrestled with how AI may impact different sectors of the market.  The US...