Is Technology Ready to Lead Again? 🌤️ The Morning Print

Good morning! 

Tech stocks look ready to lead the market again.

Here's the setup.

Technology has lagged the broader market since last October. 

And currently, Tech is sitting in seventh place on the year-to-date sector leaderboard.

On an equal-weight basis, the sector broke out of a multi-year base versus the S&P 500 in early 2024 before peaking in July.

After rebounding from the April “Liberation Day” lows, tech now appears to be consolidating in a nice bull flag.

At the same time, insider buying across the sector has surged to its highest levels in years.

If this flag resolves higher, it would signal a return to leadership for Technology and reestablish it as a key area of outperformance.