Tech just pulled a 'once in 4 million years' move

MSN
2026.06.09 16:37
portai
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The S&P 500 Technology sector (XLK) recently outperformed the broader S&P 500 by 29.3 percentage points over 50 trading days, a move described as statistically bizarre and roughly 6 standard deviations above normal. Ryan Detrick of Carson Group likened this extreme relative strength to a 'once in 4 million years' event under normal distribution, highlighting the extraordinary concentration of market gains driven by AI-linked mega-cap tech stocks.