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The US tech run is unprecedented:
The S&P 500 communication services sector has rallied +184% over the last 3 years, the strongest 3-year gain on record.
This surpasses the previous record of +155% posted during the 2000 Dot-Com Bubble.
Since the 2022 bear market low, the sector has rallied nearly +200%.
This has been largely driven by Meta, $META, and Alphabet, $GOOGL, that have returned +588% and +259%, respectively.
As a result, the communications services sector index is now trading +39% above its March 2000 peak.
Such a rally in tech has never been seen before.