Is Software Really Bottoming — or Is This Just a Dead Cat Bounce?

Software and cloud stocks are reaching a critical point again

After a strong rebound from the April lows, the sector appeared to be building a more durable bottom. But the latest price action is starting to call that view into question. The key concern comes from the GX Cloud Computing ETF, CLOU, which has now broken below its short-term rising trendline.

That does not automatically kill the recovery, but it does …