Tech Tops Dot-Com Peak

When it comes to the US markets, Tech stocks are the heavyweights.

They make up roughly 30% of the S&P 500 and hold significant weight in the major indexes.

These are cash-rich, profitable companies driving innovation across the economy.

And the thing is, Tech keeps winning — with plenty of room to run.

The Technology Sector $XLK just broke out above its old dot-com bubble highs relative to the S&P 500 $SPY.

After a year stuck below that level, it’s finally pushing into new all-time highs.

It took 25 years to get back above that peak.

If this breakout holds, there’s really nothing else to own but Tech.

But if it fails and falls back below those former highs, that could spark a shift in leadership — opening the door for Small-Caps, Healthcare, or even Energy to step up.

I’m staying open-minded and ready to adapt, whichever way it goes.

Stay sharp,

Alfonso De Pablos, CMT

Director of Research, All Star Charts

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