Paulsen Sees 10 S&P Sectors Challenging Tech Leadership in U.S. Stocks
Updated
Updated · Seeking Alpha · Jul 10
Paulsen Sees 10 S&P Sectors Challenging Tech Leadership in U.S. Stocks
2 articles · Updated · Seeking Alpha · Jul 10
Summary
A technical breakout in sectors long lagging technology could mark a turn in U.S. equity leadership, economist Jim Paulsen said in a Thursday note.
Most of the market outside tech has underperformed for years, and Paulsen argued that weakness may be ending as "Old Era" stocks begin to gain relative strength.
The call points to a broader rotation across the S&P 500's 10 non-tech sectors rather than another narrow rally led mainly by technology shares.
If that shift holds, it would signal a wider, more balanced U.S. stock advance after an extended period of tech dominance.