SPXT: S&P 500 Ex-Tech Is Unpopular For Good Reason

Sungarden Investment Publishing
Investing Group Leader
(8min)

Summary

  • SPXT is essentially the S&P 500 index, minus the roughly 65 technology stocks in that index.
  • Tech has led the market for years, resulting in SPXT lagging behind for 60 consecutive 3-year periods. That makes it very unpopular.
  • SPXT is still too expensive to make a strong bull case for, but it is showing early signs of competing better. I rate it a hold.
  • This idea was discussed in more depth with members of my private investing community, Sungarden YARP Portfolio. Learn More »
Bull market in the US stock market

honglouwawa

If you were ever that kid in school who everyone either picked on or ignored, you might feel a bit of kinship with ProShares S&P 500® ex-Technology ETF (NYSEARCA:SPXT). I know I do. And I only got picked on a

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This article was written by

Sungarden Investment Publishing
7.64K Followers
I'm Rob Isbitts, founder of Sungarden Investment Publishing. I run the new investing group Sungarden YARP Portfolio, a community dedicated to navigating the modern investment climate with humility, discipline, and a non-traditional approach to income investing. I've been charting investments since the 1980s, and I spent decades an an investment advisor and fund manager before semi-retiring in 2020. Now, this investing group is my focus. The markets tells us a story…we just have to listen! I teach subscribers how to do that.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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