Lance Roberts: Megacap and tech ratio rebounds against S&P 500 trend

Lance Roberts: Megacap and tech ratio rebounds against S&P 500 trend
Megacap tech ratio rebounds versus S&P 500

Lance Roberts highlights that the megacap and technology sector ratio, relative to the S&P 500, is bouncing off the bottom of its ongoing trend channel.

This observation indicates renewed activity or relative strength for megacap and tech stocks within the overall U.S. equity market.

Roberts recently reported that U.S. consumer credit declined in May for the first time since late 2024, with revolving balances shrinking. In a separate update, he covered increased yen buying and a SpaceX earnings preview earlier this month. These developments add further context to current moves in equity sector ratios.

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