From the desk of Steve Strazza @Sstrazza
We talk a lot about the importance of secular leaders. More often than not these groups have a relationship to Technology, regardless of whether they are classified as a Technology stock or not. Tech is everywhere today.
The last time a sector was so pervasive would have to be Industrials way back in the mid-1900’s. One could argue Financials had their time in the sun too, but that was short-lived and we all remember how it ended.
Industrials may not be as important as they once were, but they are still important.