It's not just a tech wreck

by Jay Pestrichelli on May 18th, 2012

For those of us are fans of tech for the next 6, 12, 18, 0r 36 months there certainly has been a challenging environment over the 7 weeks. Tech has felt like i the whipping boy of the sectors, but in reality, that’s not the case. Using the SPDR ETFs here’s how some of the worse performers have looked since April 1st.
While Tech is underperforming the broader market by 1%, it hasn’t been as bad as energy and the financials or materials. While we're still bullish on many of these sectors, it feels good to be hedged. If there is a market rebound these ETF will feel the near-term benefits. And if not, well, it means we're closer to our hedges today than we would have been in other areas.

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