In a note published on Wednesday, DataTrek co-founder Nicholas Colas compared the relative outperformance of the S&P Tech Sector to the S&P 500 and found that while 2020's rally in tech shares has been historic, it pales in comparison to the 2000 bubble.
At its peak 200-day return on September 1, technology stocks outperformed the S&P 500 by 31.6%, DataTrek highlighted. Notable rallies in the past include in July 2003, when tech stocks outperformed the S&P 500 by 27.6%, and in 2009, when they outperformed by 20.6%.In 2000, at the height of the dot-com bubble and for the 200-day period ending March 27, tech stocks outperformed against the S&P 500 by 59.1%, nearly double today's read of 31.6%, according to DataTrek.
History suggests that while the rally in tech stocks is historic, heading into year-end, at worst the sector will likely be a market performer, and at best "it certainly has enough room to continue to lead," Colas concluded.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An inside look at aerial firefighting of raging West Coast wildfires - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US household net worth hits all-time high on surging stocks and stimulus help - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Fake growth - corp socialism More stimulus!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market: Euro stocks recover sharp losses, COVID-19 fears spread - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 𝗡𝗼𝘄 𝗶 𝗯𝗲𝗹𝗶𝗲𝘃𝗲 𝗶𝗻 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗳𝘁𝗲𝗿 𝘄𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗶𝗻𝗴 $5,500 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘁𝗵𝗲 𝗵𝗲𝗹𝗽 𝗼𝗳 𝗼𝗳 𝗠𝗿 cronin 𝗶 𝗿𝗲𝗮𝗹𝗹𝘆 𝗮𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗲 𝗮𝗹𝗹 𝘆𝗼𝘂𝗿 𝗲𝗳𝗳𝗼𝗿𝘁 𝗮𝗻𝗱 𝘁𝗵𝗮𝗻𝗸𝘀 trader_conin_fx
Source: BusinessInsider - 🏆 729. / 51 Read more »
Limited-time offer: Business Insider subscription with Brex card - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Who TF would want a business insider subscription Why don't I get this with my AMEX platinum?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks finish higher as Powell, Mnuchin repeat calls for stimulusU.S. stocks closed higher, snapping a four-day losing streak for two of the three major indexes, as investors attempted to look past rising coronavirus case...
Source: MarketWatch - 🏆 3. / 97 Read more »