Ryan Detrick, CMT(@RyanDetrick):Since the last S&P 500 ATH on Oct 6 it is safe to say Tech has crashed, down close to 14% 📉 Yet, the index is only 2.5% away from new highs 📈 How is it possible for the largest weighting in the index to crash, yet the index itself hold up so well? All about rotation. 7 of 12 sectors are up more than 5%, with two up double digits. Pretty impressive.

Ryan Detrick, CMT

@RyanDetrick

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Ryan Detrick, CMT@RyanDetrick

2026.11.12 02:37

Since the last S&P 500 ATH on Oct 6 it is safe to say Tech has crashed, down close to 14% 📉 Yet, the index is only 2.5% away from new highs 📈 How is it possible for the largest weighting in the index to crash, yet the index itself hold up so well? All about rotation. 7 of 12 sectors are up more than 5%, with two up double digits. Pretty impressive.