The S&P 500 experienced a sector rotation, with mega-cap tech stocks, notably Palantir and Nvidia, facing strong pullbacks. Palantir, in particular, is under pressure due to Andrew Left's short position, with a target price of 40. The S&P 500 maintains its uptrend but may be affected by Powell's Jackson Hole speech. Several AI and Crypto stocks appear to be in the beginning of a downtrend as well. Additionally, concerns about tariffs impact on earnings. However, government spending on AI infrastructure and smaller modular nuclear reactors will lead to a energy sector boom. The analysis suggests to be on the lookout for the possibility of entering long positions as those downtrends will be short-lived due to the still bullish market.