Business Insider: “Tech stocks are ‘the only game in town’ right now as they outperform the S&P 500”By datatrekresearch in IN THE NEWS
Excerpt from Business Insider quoting DataTrek co-founder Nick Colas:
.... "In a note on Tuesday, DataTrek founder Nicholas Colas pointed to the stellar returns tech stocks have posted since the start of the year, with the sector gaining 27% since January. That makes tech the second-best performing sector in the S&P 500, beating the benchmark index, which has risen by 9% since the start of the year.
Without tech, the S&P 500 would only be up 2.5% in 2023, and without larger tech names, the index would in fact be down 1.4%, Colas noted, suggesting that large cap tech stocks were currently the most attractive area of the market"....
Full article here on Business Insider.