There is a stark difference between the two views we maintain of the segments this week. In the high-level view, the Vendors segment fell by 0.40%, compared to a 4.11% gain for the Operators. However, looking at the average performances of the 60 companies, we find that the two are neck and neck. So, what is the cause of this? Globally, there has been more tariff-induced uncertainty, but the Indexes segment grew by 3.06% in the high-level view, and an average of 2.47% – suggesting that something was amiss in the Vendors segment. Diving into the results, we can see that there were 25 gains and 5 losses in the Vendors segment this week. The worst result belonged to Equinix…