Is Tech the Canary in the Coal-Mine For the Coming Inflationary Crisis? – Investment Watch
The Tech Boom appears to be over. From the March 2020 lows, Tech was a major leader in the markets. This makes a lot of sense as Tech was one of the few areas of the economy that continued to operate on a relatively normal basis during the COVID-19 shutdowns. From the March 23, 2020 bottom until August, Tech, as represented by the NASDAQ index outperformed the broader S&P 500 by a wide margin. However, since that time, Tech has struggled, moving roughly in line with the S&P 500 with the occasional bout of underperformance. This situation has worsened in 2021 with the S&P 500 taking the lead, ...