Think the Tech Sector Is Going Belly Up? The WEBS ETF Is for You April 1, 2021 2020 saw the tech sector basking in the sunlight, but 2021 is starting out to be the year of cyclical sectors. Traders can play the short-term weakness in tech using the “Cyclicals have certainly had the upper hand here for a while, trading off the reopening of the economy. Tech plus holds in there because it’s really the promise of the future – it should provide investors with steady growth,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York, in a Reuters report. WEBS seeks daily investment results equal to 300% of the inverse of the daily performance of the Dow Jones Internet Composite Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions, or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund’s net assets.