The Technology moves ahead – finally!

The market seems to have undergone a sector shirt away from defensive issues (e.g., utilities) toward technology. This is very positive for the overall market as the market performs better when technology and growth companies lead.  The chart directly below is of the technology hardware sector versus the S&P 500. When the line goes up it means that the sector is performing better than the overall market. Technology hardare - relative strengthMicrosoftIntel

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