Tech stocks of all varieties have been this month’s stock market “turkeys.” And when I went through the holdings of the S&P 500 Technology Sector SPDR ETF (XLK), an $88 billion fund topped by so many longtime investor favorites, it was not easy to find encouraging charts.
But it all depends on the time frame. I don’t have a very positive outlook for tech, or stocks in general, on an intermediate to long-term basis. However, there’s always a trade to be had.
