Online reports that according to The Kobeissi Letter report, two key relative performance indicators of the U.S. stock technology sector hit recent lows: the ratio of U.S. technology stocks to global technology stocks fell to 1.6 points, the lowest in 18 months; the ratio of U.S. stock technology to non-technology sectors fell to 1.5 points, an 18-month low. The decline in these two indicators has exceeded the 2022 bear market period. Year-to-date, the Nasdaq 100 index has fallen about twice as much as the S & P 500 (excluding information technology).