This article series provides a monthly dashboard of industries classified by sectors. It compares valuation and quality factors relative to their historical averages in each industry.
Executive summary
Technology has been the leading sector since 2018 4th quarter's correction. The technology SPDR Select Sector ETF (XLK) has gained about 46% in the last 12 months. However, valuation ratios are not stretched in all of its industries. Some of them still look fairly priced relative to historical averages. The next chart shows XLK's impressive rally in weekly bars (source: Finviz).
Wireless telecom is the