Full record
HitmarketsTechnology outperforms the broad market from 2023-06-23 through mid-July 2023
A scored prediction by Tom Lee, made on .
Scored prediction
Hitmarkets“I think Tech is going to outperform between now and mid July”
Technology outperforms the broad market from 2023-06-23 through mid-July 2023
- Made on
- 2023-06-22
- Outcome
- Hit
- Importance
- 2 / 5
- Effect on score
- +1.51
What counted as right
- Status
- resolved
- Settled on
- 2023-07-14
A tech benchmark (Nasdaq-100/XLK) posts a higher total return than the S&P 500 from 2023-06-23 to ~2023-07-15
Criterion names Nasdaq-100/XLK; exact NDX and XLK daily closes could not be retrieved from a primary/free source, so the Nasdaq Composite is used as the tech proxy. The Nasdaq-100 is even more mega-cap-concentrated and led the S&P 500 by an even wider margin through this window, so the outperformance direction is not in doubt. Price-return basis used; over a ~3-week window dividend accrual (S&P ~1.5%/yr, QQQ ~0.6%/yr) is <0.1% and cannot flip the ~1pp gap. Tech outperformed the broad market → criterion met.
Sources
Market Update: Recent Performance and Expectations #shorts
YouTube ·
Evidence of what happened
S&P 500 total return over the window (price basis): close 4,348.33 on 2023-06-23 to 4,505.42 on 2023-07-14 = +3.61%. (Deadline 2023-07-15 was a Saturday; last session in window is 2023-07-14.)
Tech benchmark outperformed: Nasdaq Composite rose 13,492.52 (2023-06-23) to 14,113.70 (2023-07-14) = +4.60%, ~1 percentage point ahead of the S&P 500's +3.61% over the same window. Drivers were mega-cap/AI tech (Nvidia, Amazon) leading the June–July rally.
Corrections
- Date: Internal transcript evidence pins the utterance to Thu 2023-06-22 (S&P 'closed positive' fits only Jun 22's up-close; 'Friday tomorrow' => next day Jun 23). Upload lagged the recording one day. Immaterial to the mid-July resolution.
Effect on the score
+1.51- How sure they sounded
- 65%
- Outcome
- Hit
- Importance
- 2 / 5
This page shows the scored prediction as published; the site doesn't recompute or adjust the score.
Where this came from
Technology outperforms the broad market from 2023-06-23 thr…- Methodology version
- v1.0.0
- Last computed
- August 5, 2026
- Made on
- 2023-06-22
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources