Tech stocks contributed 98% of the S&P 500’s 2018 gain

The S&P 500 is up 2.6% year to date through the first half and technology stocks have contributed approximately all 2.6% of it. Just a few large tech stocks in particular. Savita’s equity and quant group relays the following: Only three sectors outperformed in the first half On a total return basis, Discretionary +11.5%, Tech +10.9% and Energy +6.8% beat the market. Energy was 2Q’s best-performing sector (+13....

source http://thereformedbroker.com/2018/07/16/tech-stocks-contributed-98-of-the-sp-500s-2018-gain/