The ETF, SPY represents the bellweather, the S&P 500 Index, which is a diversified large cap U.S. index that holds companies across all eleven sectors. One sector represented with a significant weighting is information technology.
The Index seeks to provide an effective representation of the technology and telecom sector of the S&P 500 Index with exposure to technology hardware, storage, communications equipment, semiconductors, etc.
So when I heard the XLK was at all-time highs,
and the NASDAQ wasn’t,
I was intrigued. However, it all made sense after looking at the top 10 holdings of the XLK.
We live in a cashless society, so I wasn’t