$Fidelity Funds-Global Technology Fund (LU1823568750.MF)$ Te...

Tech stock have gained 15.6% (6 Months performance) and experience a recorrection of 6.5% in the month of Aug. I think based on the market correction it probably have a 3.5% more of correction (If it even happens) before tech should hold up at their respective resistance level.

If further correction happens tech would have a year to date performance of 5%. From observation the market is going through what look like a rolling recession but only happen to certain sectors at certain times. Else it would be soft landing or no landing.

US Market conditions remains relatively strong, but with mixed information both positive and negatives from federal reserve. However in the next 6-12 months following US market conditions from federal reserve would be important in understanding if it is bullish or bearish for the rest of the year after the month of Aug.

Traditional Defensive such as energy and healthcare are the market gainers for the past month.