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Technology Is No Longer Leading the Tape

The message from sector rotation is becoming harder to ignore: Technology is still the strongest sector on a one-year view, but it is no longer leading on a short-term basis. That distinction matters.

Thomas Look's avatar
Thomas Look
Jul 03, 2026
∙ Paid

On the long-term table, XLK still ranks first. The sector remains up strongly over one year (+22.7%) and still has the highest relative-strength reading (118.7) among the major SPDR sector ETFs.

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But the shorter windows no…

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