Analysis: Two key indicators of US tech stocks hit recent lows, with declines exceeding those during the 2022 bear market

ChainCatcher news, according to analysis by The Kobeissi Letter, two key indicators of US tech stocks have hit recent lows: the ratio of US tech stocks to global tech stocks has fallen to 1.6 points, the lowest in 18 months; the ratio of US tech stocks to non-tech sectors has dropped to 1.5 points, also a new low in 18 months.

The decline in these two indicators has exceeded that during the bear market of 2022. Year-to-date, the Nasdaq 100 index has declined about twice as much as the S&P 500 (excluding information technology).