According to the Wall Street Journal, the S&P 500’s information-technology sector has dropped 20% in 2022, its worst start to a year since 2002. Its gap with the broader S&P 500, down 14%, is the largest since 2004. Some investors, haunted by the 2000 dot-com bust, are bracing for bigger losses ahead. The declines have prompted investors to pull a record $7.6 billion out of technology-focused mutual funds and exchange-traded funds this year through April.
It’s not the One Ring enslaving everyone – it’s a small titanium band on my finger that has been politely, but relentlessly, confronting me with numbers for almost twelve days. No fiery lidless eye, just a sleep nerd that tells me every morning how serious (or not) my body took my longevity plan the night before.