Correlation between tech and non-tech stocks has collapsed to roughly 3% — the lowest reading since 1999 — while technology has outperformed the rest of the S&P by as much as 47% over six months, the widest gap since the dot-com peak in March 2000. We break down what's driving this split market, why the average stock is weakening even as the index sits near highs, and what history says happens next. Images were taken from the Nasdaq Dorsey Wright Research Platform (linked below).
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