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Tech Bridged Gaps Created by Coronavirus

And what we expect from October.

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Editor’s note: Read the latest on how the coronavirus is rattling the markets and what investors can do to navigate it.

Brian Colello: Technology has been a significant outperformer to the broader market in 2020. Over the past 12 months, as of Sept. 2, tech was up 65% year-to-date versus 25% for the broader market. Over the past three months, again ending on Sept. 2, tech was up 21% versus 16% for the broader market. And again, as of Sept. 2, the median technology stock was about 15% overvalued in our view. So, this is one of the frothiest valuations we've seen in tech since about 2007.

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Brian Colello does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.