S&P 500 tech sector underperforms S&P 500 by 15% in 12 months

The S&P 500 Technology sector will underperform the broader S&P 500 index by at least 15 percentage points over the 12 months following May 11, 2026. Burry's call to reduce tech exposure implies broader market rotation away from high-flying tech stocks.

Implied probability (Yes)

60%