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Tech has been a long-term winner and, after falling a bit at the start of the year, is pushing higher again.
I see the recent momentum as a sign to be cautious. Tech, and TDIV by extension, have rallied as yields move lower. I believe this is a temporary development.
Taxes will be a sticking point in 2022, so preparing for higher rates now makes sense. With that in mind, the Tech sector will likely be facing higher obligations, on average.