The SPDR Technology Sector is at the same relative valuation vs SPY right before the 2000s dot com era came to an end. I'm closely monitoring this in combination with any deterioration in earnings revisions or a breakdown in price action. My guess is we may go above the 2000 XLK/SPY level similar to CSCO and INTC in 2026.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
