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Charlie Bilello: S&P 500 technology sector hits record relative strength over market
Charlie Bilello, chief market strategist at Creative Planning, observes that the S&P 500 technology sector's relative strength compared to the overall market has reached an all-time high, surpassing even the levels seen in March 2000.
This marks a significant milestone for technology stocks within the index.
Bilello has tracked other significant market shifts in recent months. He previously reported that U.S. gas prices surged 53% in 10 weeks to reach their highest point since July 2022. In a separate update, he noted that healthcare and social assistance sectors have added nearly 1.8 million jobs in the U.S. since 2023. These observations highlight a period of notable change across sectors.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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