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- Technology stocks are poised to be the best performing sector in 2023 after a brutal 2022, according to Fundstrat.
- That's because financial conditions are easing as the Fed slows down its interest rate hikes.
- Also helping the technology sector is an improving technical outlook after it reclaimed its 200-day moving average.
After a brutal 2022, investors should start warming back up to technology stocks, according to a Wednesday note from Fundstrat's Tom Lee.
Lee said he expects tech to be one of the best performing sectors this year, which would mark the polar opposite of their showing in 2022.