Tech ETFs Are Doing Something Unprecedented Right Now. Should Investors Buy or Wait?
Key takeaways
- That s only a pittance compared to the performance of one particular sector during this stretch, however.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- And that s a problem for investors just now thinking about boarding this train.
Bouncing back from the pullback stemming from the beginning of the military conflict with Iran, since March 30, the SPDR S&P 500 ETF Trust (NYSEMKT: SPY), meant to mirror the S&P 500 (SNPINDEX: ^GSPC), has gained a little more than 17%.
That s only a pittance compared to the performance of one particular sector during this stretch, however. Fueled by the euphoria surrounding the artificial intelligence (AI) revolution and then bolstered by recent earnings reports, technology ETFs like the State Street Technology Select Sector SPDR ETF (NYSEMKT: XLK), Vanguard Information Technology ETF (NYSEMKT: VGT), and the iShares U.S. Technology ETF (NYSEMKT: IYW) have gained anywhere from 40% to 45% from their late-March low. That s the first time we ve seen such outperformance in years, and really, ever.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »