Once the darling of the global economy, technology exchange traded funds (ETFs) and the sector at large have fallen out of favor.

The tech sector is more unpopular than it’s been in years. So unpopular, in fact, that one analysts noted that tech shares have dropped to their lowest valuation, relative to the S&P 500, in nearly 20 years, reports Eric J. Savitz for Barrons. [Tech ETFs Hit As Bears Emerge.]

The lack of favor toward the sector doesn’t exactly jibe with reality, though. Tech companies have mountains of cash, technology continues to account for more corporate capital spending, and consolidation seems to be accelerating. So what gives? [6 Reasons To Consider Tech ETFs.]

The sentiment in the market is that tech is risky right now. Global consumption down and investors prefer cash at the moment.

Can you really count out tech for long, though? In this world, it’s not likely. Eventually, investors will rediscover their risk appetite, corporations will spend on upgrades and there will be new innovations driving the industry.

When the trend returns, don’t miss out. Sign up for alerts to be notified of a trading signal in the tech sector!

For more stories about the technology sector, visit our tech ETF page. There are 21 tech ETFs, according to the ETF Analyzer, including these below. Not all tech ETFs are below their 200-day moving average; some aimed at other regions and using different indexing methodologies have managed to stay afloat. Visit the Analyzer to sort and select which funds are right for you.

  • Technology Select Sector SPDR (NYSEArca: XLK)
  • iShares Dow Jones U.S. Technology (NYSEArca: IYW)
  • Vanguard Information Technology (NYSEArca: VGT)
  • iShares S&P North America Technology (NYSEArca: IGM)

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.