A Higher Tech High? Yes, But Keep Your AIs Open: John Authers

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A High-Tech High

May has been a historic month for investors in technology. How historic? Take a look at the following chart, which was suggested by Bespoke Investment Group. It shows the spread between the return on the S&P 500 Information Technology sectors and the broader S&P 500 for each month going back to 1990, three years before the World Wide Web was launched to the public. In May, tech beat the rest by more than than 10 percentage points for the first time in two decades. As we ...