Here's why we decided to put money to work in Tuesday's market pullback

What was looking to be a brutal Tuesday for Wall Street is turning out to be not as terrible as feared. No doubt, some individual stocks are getting crushed, particularly within the semiconductor industry and the broader artificial intelligence cohort. However, Tuesday's overall action is looking far more constructive than we thought it would, just a few hours ago. Why the concern earlier this morning? There are two main reasons. First, there was a brutal sell-off in South Korea's benchmark Kospi index overnight — and that's a market dominated by two giant memory chipmakers, Samsung and SK Hynix, which have been red hot. It made some sense to see the destruction in South Korea spilling over to our AI trade names here at home. What didn't make sense — and what was more concerning — was that U.S. equity futures were falling despite a decline in oil prices and market interest rates. Since the start of the Iran war, that one-two punch has usually been good news for the stock market . U.S. benchmark WTI crude, in particular, touched a multi-month low back to early March. That's what made us a little worried Tuesday morning. Sometimes, caution is warranted when things don't add up. We started wondering: Could we be looking at a day of indiscriminate selling, one that stretches out far beyond the AI momentum names? Perhaps the move in rates was due to a safety trade, and not because the bond market was getting less worried about oil-led inflation? Keep in mind: U.S. …