{"id":28345,"date":"2026-03-20T14:17:11","date_gmt":"2026-03-20T14:17:11","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/28345\/"},"modified":"2026-03-20T14:17:11","modified_gmt":"2026-03-20T14:17:11","slug":"tech-has-held-up-during-iran-war-why-fundstrat-says-it-may-be-in-trouble","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/28345\/","title":{"rendered":"Tech has held up during Iran war. Why Fundstrat says it may be in trouble"},"content":{"rendered":"<p>There&#8217;s one group of stocks that has weathered the market volatility stemming from the U.S.-Iran war: Tech. The S &amp; P 500 technology sector is down just 0.8% since the conflict began, while the overall benchmark has fallen nearly 4%. On an equal-weighted basis, tech&#8217;s outperformance is even stronger. The Invesco S &amp; P 500 Equal Weight Tech ETF (RSPT) is down just 0.3% this month and has jumped 3% this week, while the equal weight S &amp; P 500 is down 5.7% in March and 0.1% for the week. The relative outperformance could be due to investors using tech as a sort of safe haven. It may also be investors betting that the artificial intelligence revolution will continue despite the war. &#8220;A basket of AI leaders &#8212; expressed as a ratio vs S &amp; P 500 ex-AI stocks &#8212; is making a higher high.\u00a0[We&#8217;re] always drawn to trends that don&#8217;t quit when the world changes,&#8221; Goldman Sachs traders wrote to clients. However, Mark Newton of Fundstrat doesn&#8217;t think this trend will hold. &#8220;Technology now looks to be up against strong resistance in Equal-weighted terms,&#8221; he said in a note to clients. Indeed, the RSPT is nearing its highest relative level to the equal weight S &amp; P 500 since late January. Above that is RSPT&#8217;s strongest relative level on record, which was reached in November. &#8220;This looks to be a difficult spot for &#8216;Tech&#8217; after a constructive bounce, and I feel it&#8217;s imperative to keep a close eye on stocks like [Micron], [Ciena], [Western Digital], [and Seagate Technology] heading into next week.&#8221; Micron shares are up more than 4% week to date on the release of strong quarterly results. Ciena , meanwhile, is up 22% in that time. Western Digital and Seagate have popped 16.4% and 13.3%, respectively. After such gains, Newton noted that many of these stocks should &#8220;find strong overhead resistance,&#8221; making it harder for them to continue moving higher.<\/p>\n","protected":false},"excerpt":{"rendered":"There&#8217;s one group of stocks that has weathered the market volatility stemming from the U.S.-Iran war: Tech. The&hellip;\n","protected":false},"author":2,"featured_media":28346,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[135,2722,13275,13274,698,34,4555,13276,570,10710],"class_list":{"0":"post-28345","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iran","8":"tag-business-news","9":"tag-ciena-corp","10":"tag-invesco-sp-500-eql-wght-etf","11":"tag-invesco-sp-500-eql-wght-technology-etf","12":"tag-investment-strategy","13":"tag-iran","14":"tag-micron-technology-inc","15":"tag-seagate-technology-holdings-plc","16":"tag-stock-markets","17":"tag-western-digital-corp"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116261935101503792","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/28345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=28345"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/28345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/28346"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=28345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=28345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=28345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}