Headlines
Bloomberg MarketsTense Paris Summit Leaves Western Energy Alliance Looking ShakyBloomberg MarketsFranklin Templeton Sets Sights on a $500 Billion Pension SystemBloomberg MarketsLyondellBasell Slashes Dividend, Citing Challenging MarketsBloomberg MarketsAfrican Eurobond Sales See Strongest Start to Year Since 2013Bloomberg MarketsVue: Younger Generations Still Love Going to the CinemaFinancial TimesEmail blunder exposes $90bn Russian oil smuggling ringBloomberg MarketsTrump’s Iran Ultimatum, UK Posts Biggest Ever Budget Surplus | The Opening Trade 2/20/2026Bloomberg MarketsBond Skeptics See Little Need for Fed Cuts in 2026Bloomberg MarketsAlfa Gomma’s CEO, ICG Said to Partner on €1 Billion Buyout PlanBloomberg MarketsTullow Oil Agrees Refinancing with Glencore and Some BondholdersBloomberg MarketsTreasuries Dip Before PCE as Fed Hawks, Iran Put Traders on EdgeBloomberg MarketsPrimark Under Pressure From Budget Rivals Shein and TemuBloomberg MarketsAt Long Last, Being Underweight Tech Is a Winning Stock StrategyBloomberg MarketsBig Tech’s Soaring Spending on AI Is Eating Into Stock BuybacksBloomberg MarketsAndrew's Arrest Puts Royal Family in Uncharted TerritoryBloomberg MarketsTense Paris Summit Leaves Western Energy Alliance Looking ShakyBloomberg MarketsFranklin Templeton Sets Sights on a $500 Billion Pension SystemBloomberg MarketsLyondellBasell Slashes Dividend, Citing Challenging MarketsBloomberg MarketsAfrican Eurobond Sales See Strongest Start to Year Since 2013Bloomberg MarketsVue: Younger Generations Still Love Going to the CinemaFinancial TimesEmail blunder exposes $90bn Russian oil smuggling ringBloomberg MarketsTrump’s Iran Ultimatum, UK Posts Biggest Ever Budget Surplus | The Opening Trade 2/20/2026Bloomberg MarketsBond Skeptics See Little Need for Fed Cuts in 2026Bloomberg MarketsAlfa Gomma’s CEO, ICG Said to Partner on €1 Billion Buyout PlanBloomberg MarketsTullow Oil Agrees Refinancing with Glencore and Some BondholdersBloomberg MarketsTreasuries Dip Before PCE as Fed Hawks, Iran Put Traders on EdgeBloomberg MarketsPrimark Under Pressure From Budget Rivals Shein and TemuBloomberg MarketsAt Long Last, Being Underweight Tech Is a Winning Stock StrategyBloomberg MarketsBig Tech’s Soaring Spending on AI Is Eating Into Stock BuybacksBloomberg MarketsAndrew's Arrest Puts Royal Family in Uncharted Territory
Home/Bloomberg Markets
Back
MARKETS:
SPY+0.26%
DIA+0.23%
QQQ-0.14%
IWM+0.29%
GLD-0.40%
USO+1.64%
Bloomberg Marketsglobal

At Long Last, Being Underweight Tech Is a Winning Stock Strategy

Bloomberg Markets
Friday, February 20, 2026 at 10:30 AM
~4 min read
Labor MarketEquities

Original Report

For years, loading up on the biggest US technology stocks delivered a steady stream of riches — and avoiding them was a surefire ticket to the unemployment rolls. In 2026, the opposite has been true.

Glass House Analysis

Labor market conditions shape the lived experience of millions of working families. When jobs are plentiful, workers have leverage to demand better wages and conditions; when they're scarce, the balance of power shifts to employers. This dynamic plays out daily in kitchen tables across America, where families make decisions about whether to ask for a raise, change jobs, or accept less-than-ideal conditions out of necessity.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

Enjoyed this analysis?

Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.

No spam. Unsubscribe anytime.

More Stories

Economic Context

S&P 500
+0.26%
Dow Jones
+0.23%
NASDAQ 100
-0.14%
Russell 2000
+0.29%