I have been watching this rebound pretty closely, and it doesn’t feel like the usual “everything is pumping” phase. It’s slower, more selective, and honestly a bit cautious. Feels like people are stepping back in, but with way more awareness than before.
What I’m noticing is that not every project is getting attention this time. Capital seems to be flowing toward things that actually kept building during the quiet months, not just whatever is trending for the moment. That shift alone makes this rebound feel a bit more grounded.
I’m still not fully sold on it being a full trend reversal though. Could be a temporary bounce, could be early positioning.
Either way, sentiment is clearly changing, and that tends to shape what comes next.