SentimentEdge report

Jason Goepfert

5-22-2023 at 9:30 am

The tech sector's relative breakout cluster

A handful of Technology stocks have powered most of the gains in the S&P 500 in 2023, and an index of those stocks has enjoyed a cluster of new highs relative to the S&P in recent weeks. Similar breakouts had a modest tendency to precede more gains for Tech and the S&P, and usually saw Tech continue to outperform.

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