Technology stocks just hit an all-time high relative to the S&P 500, according to Bank of America.

The ratio of technology stocks to the S&P 500 is now 15% higher than at its 2000 peak.

This ratio is also 20% higher than the peak of the 1960s bull market.

However, tech stocks and tech companies are certainly more relevant now than ever.

Perhaps the dominance of tech stocks is just the new normal.

Is this situation justified or is another “bubble” forming?

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