CNBC Market Insider
by Evelyn Cheng
Small-cap and tech stock performance is sending a caution signal for a market counting down to the U.S. presidential election, several analysts say.
Meanwhile, money has been going into tech stocks. The Nasdaq 100 touched an all-time high last week and tech is up more than 4 percent over the last three months as the best S&P 500 sector.
John Kosar, chief market strategist at Asbury Research, said the Russell 2000 and tech stocks have both gotten “a little overextended versus the benchmark.”
“If we get a pullback in those two versus the S&P, the S&P could see a pullback after the election,” he said.
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