SentimentEdge report

Jason Goepfert

6-24-2020 at 1:30 pm

Tech's streak is historic, beating every other sector by more than 5% this year

The Nasdaq is up 19 out of 22 days, among the best streaks ever. Through 120 trading days of 2020, the tech sector is beating every other major sector by more than 5%. Not too many years since 1928 have seen tech stocks beat everything else by this much. It is especially extreme against industrial and financial stocks, both of which showed a tendency to reassert themselves in the months ahead.

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