Tech stocks have massively outperformed the market – here’s why this isn’t another bubble

Tech Stock Mobile Phone 2017

Stock market watchers keep complaining about the breadth of the rally — especially in tech.

″The market’s weakness, if it has one, is the concentration of investor monies in one corner of the market: Mega-sized growth stocks, particularly technology,″ said MarketWatch a few days ago.

CBS News agreed: “Consider that just 68 percent of S&P 500 stocks are in uptrends right now vs. 80 percent back in March. Nor that tech insiders are aggressively selling their own shares. Nor that just five tech stocks have been responsible for 40 percent of the S&P 500′s market capitalization gains so far this year.”

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Those 5 tech stocks are

See Eric Jackson’s commentary on CNBC on why tech stocks’ outperformance is justified.