04/27/2017
The S&P 500 Information Technology Index is up about 14 percent year to date, topping all other S&P sectors. Its gain is more than double the 6.6 percent rise in the benchmark S&P 500 Index. Our Chief Investment Officer tells Reuters that the main reason behind this is that big technology companies stand to gain a lot from the Trump administration's tax policies. "The Trump trade of lower corporate taxes and reduced taxes on repatriation benefits tech the most as it is one, if not the most, profitable sectors in general and probably has the most funds held oversees," http://www.reuters.com/article/us-usa-options-technology-sctr-idUSKBN17T2MT
Options traders are betting that the U.S. technology sector's strong rally has more room to run as big industry names Microsoft Corp, Intel Inc and Google parent Alphabet Inc get set to report quarterly results.
