US Tech Stocks Dive: Key Indicators Hit 18-Month Lows Amid Nasdaq 100’s Struggles

As reported by COINOTAG on May 6th, a recent analysis from The Kobeissi Letter highlights concerning trends in the U.S. technology sector. The tech-to-global-tech ratio has declined to 1.6, marking an 18-month low. In parallel, the tech-to-non-tech sector ratio has also experienced a downturn, falling to 1.5, a figure not seen in nearly two years. These declines indicate a more pronounced contraction than that observed during the 2022 bear market. Notably, year-to-date performance reveals that the Nasdaq 100 Index has suffered a decline approximately twice that of the S&P 500, excluding technology stocks. This trend warrants close monitoring as investors navigate a shifting landscape marked by heightened volatility and sector re-evaluations.