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The Rise of Tech Stocks in the US
S&P 500 is up around 5 or 6%, and the NASDAQ is up more than that. Double digit returns so far this year. It's a narrow group of companies driving equities up, which is a large cap, tech driven companies. For them, a slower economy with interest rates starting to peak and expectations for interest rates eventually coming down isn't bad news. But if you look elsewhere, you see a less rosy picture. The Russell 2000, which is the small cap index in the US, that's down here to date. Also investors have been piling into money market funds since the start of March because of the concerns and stresses in the bank sector. And generally,