Software Stocks Seven Week Recovery

Software stocks (IGV) have surged 36% over seven weeks, reclaiming their 200-day moving average and recording their best monthly performance in 25 years.

Key Takeaways

• 1.Software stocks (IGV) reclaimed their 200-day moving average and the 100 level, ending a long period of underperformance.
• 2.The sector has recorded 7 straight weekly gains, up 36% in that span, marking its best month since October 2001.
• 3.Inflows into software ETFs are at high levels, with $1.5 billion attracted in May, the third largest since late 2025.

Table of Contents

• From SaaSapocalypse to Salvation
• 7 straight weeks
• Breaking out
• Best month in 25 years
• Even outperforming semis
• Back to buying
• Still significant short positioning
• Infrastructure Software (MSXXINSW Index)

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