Tech finally did it
(Premium) If You Can’t Beat ’em, Join ’em
I keep hearing and seeing the same complaints about Tech
(Premium) Watch Out for a Mean Reversion in Big Tech
A reckoning is coming.
(Premium) April Information Technology Outlook
Tech is back in the driver’s seat in 2023. It’s the top-performing sector of the year, up 22% through the end of March. It closed the month at its highest point since last August.
March Information Technology Outlook – Unlocked
On a relative basis, Information Technology started the year at 52-week lows. As we sit here in March, things look a bit different.Continue reading “March Information Technology Outlook – Unlocked”
(Premium) February Information Technology Outlook
In January, market leadership shifted dramatically. For the first time in months, we saw growth stocks lead the charge in a material way. On a relative basis, Information Technology started the year at 52-week lows. Just a few weeks later, it’s setting multi-month highs.
(Premium) January Information Technology Outlook
The chart below is one of our favorites, and if you’ve followed our work you’ve probably seen it before. It’s the ratio of the S&P 500 Information Technology sector vs. the S&P 500 index. We laid out the reason we like it so much in our December note:
(Premium) December Information Technology Outlook
The chart below might be one of the most important charts in the world. We’d put it in the top 5.
(Premium) November Information Technology Outlook
Information Technology broke down relative to the S&P 500 as we expected, but the weakness didn’t accelerate. The sector is still battling with resistance from two decades ago, and, barring a short-term trade, there’s really no reason to be overweight the group until we’re above those 2000 highs. The question is, should we be neutral or underweight? Based on what we’re seeing in other growth areas of the index, we still think the higher probability is further declines for this ratio. We’ll have more conviction if we see those April 2021 lows broken.