Tech’s drawdown could create a new leadership potential – BTIG’s Krinsky

AndreyPopov

“Often times during periods of heightened volatility, the market shifts leadership,” said Jonathan Krinsky, chief market technician at BTIG.

That could be happening to technology’s (NYSEARCA:XLK), (ARTY), (VGT), (IYW) leadership, he said in a note.

The momentum long factor (