Where there's belief that a coming recession will result in ...

Where there's belief that a coming recession will result in falling demand, as recessions do.
Beat up names like $Affirm Holdings(AFRM.US)$ $Peloton Interactive(PTON.US)$ $Coinbase(COIN.US)$ $Roblox(RBLX.US)$ were leaders today - normal in a snap back rally.
Note that semis; $Advanced Micro Devices(AMD.US)$ $NVIDIA(NVDA.US)$ finished up, but underperformed the market.