In today’s briefing:
- Upgrading Technology to Overweight; Adding on Any Pullbacks
Upgrading Technology to Overweight; Adding on Any Pullbacks
- We remain bullish (as of last week’s 4/21/26 Compass) on the S&P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM). We discussed last week to add exposure to growth/Technology.
- RS on the cap-weighted XLK is now breaking above its 2025 highs and we are upgrading Technology to overweight
- We have remained overweight semiconductors (SMH, NVDA, TSM, CIEN, etc.) and memory (SNDK, WDC, STX, MU) ever since our 6/17/25 Compass, and these remain our favorite areas within Tech.
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