The tech take over! Look at the Nasdaq-100 up 23% YTD

A really simple chart that I want to share to show the outperformance of tech the last few months. The Nasdaq-100 is now up 23% YTD. 23%! Who saw that coming after the March crash? Not many.

It will be interesting how much higher the tech sector can go, but it sure is fascinating to watch. In a way, it's the ultimate pain trade for a lot of the legacy investors and traders out there. I don't hold much tech in my portfolio beyond a few core stocks that I really like.

Some other thoughts:

One of the stranger trades in this market is that about half of Buffett's portfolio is in Apple and yet his Berkshire Hathaway shares are up a 0.25% while Apple rips to all-time highs and is up 6% on the day. But maybe there's a little more risk in the portfolio.

It’s weird that Google posted its first-ever revenue decline in its history as a public company while Facebook, Apple, and Amazon each had blow out reports. I’d be curious to know how or why that happened.

I have to say for how much dislike Zuck gets, he’s not far from being the largest shareholder of a trillion dollar company and controlling the majority of voting power. Kind of impressive for 15 years of work.