Big Tech shares have soared this year, despite concerns over the possibility of further regulation in the United States and around the world, as well as trade tension between the United States and China. So far, its sales and earnings growth have remained relatively strong.
But investors' infatuation with technology, to the exclusion of many other actions, is worrisome for Daryl Deke, the principal founder and CEO of New Market Wealth Management.
Deke said there has been a "massive gap" between how Big Tech has done compared to other sectors. That's not healthy, and it could burn investors who focus too much on technology.
"Investors have been rewarded for focusing and being taught that diversification is bad, which is not good in the long term," Deke told CNN Business.
But for now, it still seems that technology stocks are the most important trade on Wall Street.