Technology Select Sector SPDR Fund (XLK) Is At All-Time Highs

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.

Source

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.

Source

We live in a cashless society, so I wasn’t

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