U.S. Tech Stocks Hit 18-Month Lows in Key Ratios

According to BlockBeats, recent analysis by The Kobeissi Letter reveals that two critical indicators for U.S. tech stocks have reached their lowest points in 18 months. The ratio of U.S. tech stocks to global tech stocks has fallen to 1.6, while the ratio of U.S. tech stocks to non-tech sectors has dropped to 1.5. These declines surpass those seen during the 2022 bear market. Since the beginning of the year, the Nasdaq 100 index has experienced a decline approximately twice that of the S&P 500, excluding the information technology sector.