Jefferies Senior Analyst Brent Thill joins Market Domination Overtime to discuss the state of the software sector and its outlook as the market heads into the second half of the year.

"I'm more excited because everyone hates software right now," Thill says. He notes that the first half of the year has been tough for the sector, and investor sentiment is quite low given its recent performance: "I think that right now, everyone is so negative and I haven't seen this in my career for as long as I've done this and how negative it is. So when you think about the sentiment and the setup, it just feels really bad."

However, Thill still has hope: "As they say, invest with fear and sell with greed. And right now we got a lot of fear. So I think it's go time. The IGV (IGV) has been slowly making its way back up against the semi names." He believes that if software companies de-risk a bit, coupled with a resurgence of M&A if Donald Trump were to be elected, the sector could see some growth. "I'm actually moderately more constructive because I think a lot of the bad news is already in these stocks," he explains.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Melanie Riehl