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Since 1990, when tech stocks rise more than 20% through July, this is how much they gain for rest of year
Tech stocks are having a great year. The S&P 500 Information Technology sector has soared more than 30% so far in 2019, making it the best-performing S&P 500 sector by a wide margin.
And the run may be far from over, according to data from Kensho, a machine learning tool used by Wall Street banks and hedge funds to identify potential trades based on market history.
Since 1990 the tech sector has gained between 20% and 40% from January through July on just five other occasions. Following these gains, the sector has traded positively through the rest of the year in every instance, with tech stocks adding an average return of more than near-24% during these periods, according to a CNBC seasonal trading analysis of Kensho data. The S&P 500 also performs well in these periods, gaining close to 11% between August and December.
https://www.cnbc.com/2019/07/30/tec...ent-before-2019-ends-sp-500-history-says.html