The pace at which the coronavirus hit the economy was certainly breathtaking. The pace at which the markets have rebounded has also been astonishing. Despite poor data, rising unemployment, and other economic issues, the market has risen roughly 40% since its lows reached back in March. However, that huge rally has been driven by one sector.
And that’s technology.
The tech sector is once again leading the markets higher, just like it has done for the last decade. And just like the Great Recession, investors continue to be drawn to the sector’s high margins and cash flows. For dividend seekers, this latest upswing is more confirmation that you need a hefty dose of tech in your portfolio.
Be sure to explore our technology sector page here to view more stocks.
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