For now, betting on market risk has paid off

despite some pullback from recent highs, the big technology stocks have remained resilient in the face of many challenges. Global tech companies have made a quicker recovery from the 2020 pandemic slump compared with the market setback of 2009.

Back then the recovery was slow and hesitant. It took four years for the S&P 500 to reach a new high after 2009 as the reversal affected a broad-based range of stocks, including big tech. This year, it