The Fundamental Drivers of the Tech Rally

The S&P is just around mid-single digits, tech is up 15%, 16% as a sector. Many stocks are even up, maybe even 100% from their 52-week lows. Part of that may be due to hopes that interest rates fall. But it's also easy to forget why tech stocks traded at a bubble to begin with. Most tech stocks, they're not meme stocks. These are not stocks that are teetering on the edge of bankruptcy.