June 3, 2021
Technology stocks are out, but not down. The Nasdaq-100 Index (NDX) is up about 6% year-to-date, a decent if tepid performance.
The tech-heavy Nasdaq-100 is simply lagging this year. It’s not in the red. Furthermore, some market observers believe now is a good time for long-term investors to consider tech. That could drive renewed interest in exchange traded funds like the
As its name implies, PTF is a momentum-based strategy. That factor is out of favor this year, but it’s higher by almost 4% over the past week. Strong fundamentals support the case for tech upside as 2021 moves along. Consider the sector’s showing during the first-quarter earnings season.