The Rise & Fall of Technology Sector
Everything that has a beginning has an end - so to speak. The technology bull market that has blossomed in 2017 is coming to an end. 8 trading days left to close the year 2018 and the relentless selling has not subdued yet as of Monday's closing the SPX -5.56% YTD, but -13.46% from the record high printed this September.
The technology sector has been the Star of 2017 through the 9th month of 2018 since October the group has lost its glamour and is now seeing a massive selling. Among the lists some are still in green performance YTD - Netflix, Amazon, Microsoft, & Tesla.
2017 Top 3 Winners:
Alibaba +96.37%; Micron Technology +87.59%; NViDiA +81.29%
2018 Top 3 Losers:
BAIDU -29.93%; NViDA -27.98%; FaceBook -22.73%