Tech rout and fear spike open a rotation window into defensive sectors

Fear has spiked sharply today, and that creates selective buying opportunities for patient investors. The VIX, Wall Street's fear gauge, jumped to 24.7 against a one-year average of 18.1, making option premiums expensive — selling covered calls now generates real income. RSI, a momentum gauge, sits at 36.3, close to oversold territory, while the 10-year Treasury yield at 4.95% has pulled back, easing pressure on rate-sensitive stocks. Energy and Consumer Staples held up best today; rotating toward those sectors while trimming Technology exposure is the concrete move here.