Tech is floundering – but ‘critical’ selectivity can still offer you outperformance – BMO

Technology’s (NYSEARCA:XLK) 5.5% underperformance vs. the S&P 500 (SP500) is the worst start to a year in the post-financial crisis era, and the worst two-month period for this bull market, said Brian G. Belski, chief investment strategist at BMO Capital Markets.