Event Dime
Upside Chasing in Tech Stocks Surges to Covid Extremes
Education & Learning
- When:
- May 11, 2026 · 4:00 AM
- Where:
- Cboe Global Markets
- Source:
- Cboe Global Markets
While the SPX® Index is up over 9% over the past month, the rally has been incredibly concentrated, led largely by the Tech sector (up 20%). In fact, 4 of the 11 S&P sectors are down over the past month and another 3 are mostly unch’d. In other words, we’ve seen incredibly high dispersion underneath the index surface, which helps explain why index volatility is so muted while single stock volatility remains elevated (e.g. VIX® Index down 4 pts vs. VIXEQSM Index up 1 pt over the past month). The