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Tech stocks are soaring and could rise another 20%, according to S&P 500 history dating back to 1990

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Tech stocks could rise another 20% before 2019 ends, according to S&P 500 history

Since 1990, tech stocks have risen by at least 20% only five times in the period from the beginning of the year to the end of July.

Tech stocks are having a great year. The S&P 500 Information Technology sector has soared more than 30% so far in 2019, making it the best-performing S&P 500 sector by a wide margin. Since 1990 the tech sector has gained between 20% and 40% from January through July on just five other occasions. Following these gains, the sector has traded positively through the rest of the year in every instance, with tech stocks adding an average return of more than near-24% during these periods, according to a CNBC seasonal trading analysis of Kensho data. The S&P 500 also performs well in these periods, gaining close to 11% between August and December.

 

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