History of tech stocks shows the big market drop investors feared is not likely
The Technology Select Sector ETF, the XLK, is up over 3.5% in the past week. The rally in technology stocks earned the sector another record high on Monday, and history suggests the winning streak will continue through the end of the year.
Coming into December, many investors were fearful about a big market drop, a repeat of December 2018 when stocks plummeted. Optimism about the trade deal with…