{"id":1063,"date":"2026-06-27T08:00:12","date_gmt":"2026-06-27T06:00:12","guid":{"rendered":"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063"},"modified":"2026-06-27T10:05:01","modified_gmt":"2026-06-27T08:05:01","slug":"point-bourse-debut-dune-rotation-sectorielle","status":"publish","type":"post","link":"https:\/\/www.toutsurmesfinances.com\/actualites\/a\/point-bourse-debut-dune-rotation-sectorielle","title":{"rendered":"POINT BOURSE &#8211; D\u00e9but d\u2019une rotation sectorielle ?"},"content":{"rendered":"<p>Le premier semestre 2026 aura \u00e9t\u00e9 domin\u00e9 par deux forces contraires. D\u2019un c\u00f4t\u00e9, la flamb\u00e9e des valeurs li\u00e9es \u00e0 l\u2019intelligence artificielle (semi-conducteurs, data centers) qui a tir\u00e9 la cote technologique vers des records, <a href=\"https:\/\/www.toutsurmesfinances.com\/actualites\/a\/ipo-de-spacex-les-chiffres-fous-de-lintroduction-en-bourse\">l\u2019introduction en Bourse record de SpaceX<\/a> (86,25 milliards de dollars lev\u00e9s) posant un point d\u2019exclamation final \u00e0 cet engouement. De l\u2019autre, la guerre d\u00e9clench\u00e9e fin f\u00e9vrier entre les \u00c9tats-Unis, Isra\u00ebl et l\u2019Iran : le Brent a bondi jusqu\u2019\u00e0 126 dollars et l\u2019inflation en zone euro est remont\u00e9e \u00e0 3,2 %, poussant la BCE \u00e0 relever ses taux. Pourtant, les grands indices ont surmont\u00e9 le choc : sur le semestre, entre + 7 et + 9% pour les grands indices d\u2019actions am\u00e9ricaines, + 7,5% pour l\u2019EuroStoxx 600 + 7,5% et + 3% pour le CAC 40.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Coup_darret_en_juin\"><\/span>Coup d\u2019arr\u00eat en juin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>En juin toutefois, la f\u00eate de l\u2019IA a tourn\u00e9 court, sur fond de doutes quant \u00e0 la rentabilit\u00e9 des investissements des hyperscalers (les g\u00e9ants mondiaux du cloud, NDLR) et aux valorisations. L\u2019indice Nasdaq des valeurs technologiques a c\u00e9d\u00e9 pr\u00e8s de 5%, tandis que le CAC 40, moins expos\u00e9 \u00e0 l\u2019IA, a repris 3%. En France, le retournement a \u00e9t\u00e9 plus brutal encore : l\u2019indice CAC Mid &amp; Small, repr\u00e9sentatif de petites et moyennes capitalisations boursi\u00e8res, a chut\u00e9 de 9% en juin, effa\u00e7ant les gains du semestre. Il a pay\u00e9 l\u2019inversion simultan\u00e9e des trois th\u00e8mes qui l\u2019avaient port\u00e9 : les semi-conducteurs (- 40% pour Soitec) ; les biotechs, plomb\u00e9es par un Abivax en chute de 44% apr\u00e8s une \u00e9tude clinique de phase III d\u00e9cevante ; et la d\u00e9fense\/espace, ce segment reculant de pr\u00e8s de 30%. L\u2019<a href=\"https:\/\/www.toutsurmesfinances.com\/actualites\/a\/pourquoi-le-cours-de-laction-2crsi-chute-en-bourse\">affaire 2CRSI<\/a> a d\u2019ailleurs illustr\u00e9 la fin de la f\u00eate pour les valeurs IA\/data centers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Surperformance_des_grandes_capitalisations\"><\/span>Surperformance des grandes capitalisations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Le cas fran\u00e7ais n\u2019est pas isol\u00e9 : hormis en Allemagne, les large caps (grandes capitalisations boursi\u00e8res) europ\u00e9ennes ont partout fait mieux que les petites et moyennes capitalisations, quand outre-Atlantique le Russell 2000 affiche plus de + 21% depuis le 1er janvier, son meilleur premier semestre depuis 1991. En juillet, deux rendez-vous domineront : la conclusion esp\u00e9r\u00e9e des accords de paix, et, surtout, les publications semestrielles qui permettront de mesurer l\u2019impact de la guerre.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Les march\u00e9s actions ont surmont\u00e9 le choc de la guerre au Moyen-Orient au premier semestre, selon le bilan d&rsquo;IDMidCaps, bureau d&rsquo;analyse financi\u00e8re ind\u00e9pendant sp\u00e9cialis\u00e9 sur les petites et moyennes valeurs fran\u00e7aises et europ\u00e9ennes. <\/p>\n","protected":false},"author":13728,"featured_media":1064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-a-la-une"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>POINT BOURSE - D\u00e9but d\u2019une rotation sectorielle ?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"POINT BOURSE - D\u00e9but d\u2019une rotation sectorielle ?\" \/>\n<meta property=\"og:description\" content=\"Les march\u00e9s actions ont surmont\u00e9 le choc de la guerre au Moyen-Orient au premier semestre, selon le bilan d&#039;IDMidCaps, bureau d&#039;analyse financi\u00e8re ind\u00e9pendant sp\u00e9cialis\u00e9 sur les petites et moyennes valeurs fran\u00e7aises et europ\u00e9ennes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063\" \/>\n<meta property=\"og:site_name\" content=\"Actualit\u00e9s\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-27T06:00:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-27T08:05:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.toutsurmesfinances.com\/actualites\/wp-content\/uploads\/sites\/12\/2026\/06\/point-bourse-marches-scaled.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"823\" \/>\n\t<meta property=\"og:image:height\" content=\"463\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Denis Scherrer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Denis Scherrer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063\",\"url\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063\",\"name\":\"POINT BOURSE - D\u00e9but d\u2019une rotation sectorielle ?\",\"isPartOf\":{\"@id\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/wp-content\/uploads\/sites\/12\/2026\/06\/point-bourse-marches-scaled.webp\",\"dateModified\":\"2026-06-27T08:05:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/#\/schema\/person\/a8841a357222fc8b351930a599a068bd\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063#primaryimage\",\"url\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/wp-content\/uploads\/sites\/12\/2026\/06\/point-bourse-marches-scaled.webp\",\"contentUrl\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/wp-content\/uploads\/sites\/12\/2026\/06\/point-bourse-marches-scaled.webp\",\"width\":823,\"height\":463,\"caption\":\"Le point Bourse \u00e0 mi-2026\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.toutsurmesfinances.com\/actualites\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"POINT BOURSE &#8211; 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Il a contribu\u00e9 \u00e0 plusieurs lettres boursi\u00e8res et a \u00e9crit pour L'Agefi et les \u00e9ditions Agora, et intervient r\u00e9guli\u00e8rement dans les \u00e9missions Bourse de BFM Business.\",\"sameAs\":[\"https:\/\/www.toutsurmesfinances.com\/author\/dscherrer\",\"https:\/\/www.linkedin.com\/in\/denis-scherrer-434ba327\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"POINT BOURSE - D\u00e9but d\u2019une rotation sectorielle ?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063","og_locale":"fr_FR","og_type":"article","og_title":"POINT BOURSE - D\u00e9but d\u2019une rotation sectorielle ?","og_description":"Les march\u00e9s actions ont surmont\u00e9 le choc de la guerre au Moyen-Orient au premier semestre, selon le bilan d'IDMidCaps, bureau d'analyse financi\u00e8re ind\u00e9pendant sp\u00e9cialis\u00e9 sur les petites et moyennes valeurs fran\u00e7aises et europ\u00e9ennes.","og_url":"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063","og_site_name":"Actualit\u00e9s","article_published_time":"2026-06-27T06:00:12+00:00","article_modified_time":"2026-06-27T08:05:01+00:00","og_image":[{"width":823,"height":463,"url":"https:\/\/www.toutsurmesfinances.com\/actualites\/wp-content\/uploads\/sites\/12\/2026\/06\/point-bourse-marches-scaled.webp","type":"image\/webp"}],"author":"Denis Scherrer","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Denis Scherrer","Dur\u00e9e de lecture estim\u00e9e":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063","url":"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063","name":"POINT BOURSE - D\u00e9but d\u2019une rotation sectorielle ?","isPartOf":{"@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063#primaryimage"},"image":{"@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063#primaryimage"},"thumbnailUrl":"https:\/\/www.toutsurmesfinances.com\/actualites\/wp-content\/uploads\/sites\/12\/2026\/06\/point-bourse-marches-scaled.webp","dateModified":"2026-06-27T08:05:01+00:00","author":{"@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/#\/schema\/person\/a8841a357222fc8b351930a599a068bd"},"breadcrumb":{"@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063#primaryimage","url":"https:\/\/www.toutsurmesfinances.com\/actualites\/wp-content\/uploads\/sites\/12\/2026\/06\/point-bourse-marches-scaled.webp","contentUrl":"https:\/\/www.toutsurmesfinances.com\/actualites\/wp-content\/uploads\/sites\/12\/2026\/06\/point-bourse-marches-scaled.webp","width":823,"height":463,"caption":"Le point Bourse \u00e0 mi-2026"},{"@type":"BreadcrumbList","@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/?p=1063#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.toutsurmesfinances.com\/actualites\/"},{"@type":"ListItem","position":2,"name":"POINT BOURSE &#8211; D\u00e9but d\u2019une rotation sectorielle ?"}]},{"@type":"WebSite","@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/#website","url":"https:\/\/www.toutsurmesfinances.com\/actualites\/","name":"Actualit\u00e9s","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.toutsurmesfinances.com\/actualites\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Person","@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/#\/schema\/person\/a8841a357222fc8b351930a599a068bd","name":"Denis Scherrer","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.toutsurmesfinances.com\/actualites\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0caec31a8650c6eb67b3e9cef0f9c32b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0caec31a8650c6eb67b3e9cef0f9c32b?s=96&d=mm&r=g","caption":"Denis Scherrer"},"description":"Denis Scherrer est pr\u00e9sident et directeur de la recherche d'IDMidCaps, bureau d'analyse financi\u00e8re ind\u00e9pendant sp\u00e9cialis\u00e9 dans les petites et moyennes valeurs fran\u00e7aises et europ\u00e9ennes. 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