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| By Jim Nelson |
Something flipped in investors’ minds last week. And it hasn’t been good news for Big Tech companies.
After what seemed like an eternity for those of us who didn’t double and triple down on Nvidia (NVDA), tech finally lost its shine.
Did you think you’d ever see a sector breakdown like this again?
Over the past month, the only losing sector was tech. The weakest non-tech one was communication services.
This is what the past five years looked like for these two sectors:
Not only did they lead the S&P 500. They’ve become the S&P 500.
I’ll let Nilus Mattive tell the full tale. He knows better than anyone what’s going on — he worked at S&P the last time tech was dominating.
Here is his warning about the new danger of index investing …
Of course, he’s not the only one paying close attention to these shifts. The rest of your editors have been busy. Here’s what they are looking at …
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Have a great weekend!
Jim Nelson,
Managing Editor, Weiss Ratings Daily
