The tech-heavy Nasdaq has underperformed the Dow for four straight weeks “” a first since 2016

The tech-heavy Nasdaq has underperformed the Dow for four straight weeks “” a first since 2016

Investors are finally rotating out of tech stocks after a decade of outperformance.For the fourth straight week, the tech-heavy Nasdaq Composite trailed the Dow Jones Industrial Average. It's the longest such streak since April-May 2016, which was also the only year since 2011 that the Dow beat the Nasdaq.Market experts have been predicting a tech cooldown for years and have been consistently wrong, thanks to the increasing dominance of mega-cap companies like Apple and Amazon, the frenzy around Tesla and the massive shift in spending to cloud computing."It's been years of frustration trying to get that trade right," said Jack Ablin, who oversees $12.5 billion as chief investment officer at Cresset.Ablin said this time feels different. Starting in the fourth quarter, his firm rolled out a new "quality dividend strategy," moving clients out of technology and into industrials, financials, materials and energy companies. He was betting on a Democratic sweep in November, followed by a big stimulus package that would pump money into the economy, leading to inflation and higher interest rates.

The 10-year Treasury rose to its highest level in over a year on Friday, reaching as high as 1.642%. Rising rates give investors an incentive to shift money towards