With The S&P Back At All Time Highs, How Much Do Tech Stocks Have To Catch Up

The S&P 500 closed at a fresh all-time high last night, and this morning it opened above 7000 for the first time ever.

However, as DB's Jim Reid writes in his Chart of the day note, what’s striking about the move back to the peak, is how much leadership has shifted over the past quarter.

Consider this: over the last three months (since October 29, when tech peaked),