Can Tech lead the market to new all-time highs?

The market has been waiting for this rotation and broadening out. It would be healthy to see some broadening out. You sort of have it in the market with small-caps,financials,and micro-caps all advancing with a strong advance/decline line. The rally is more broad than people want to give credit for.Tech has lead year to date in the S&P500,it has lead for the month as well in the S&P500. It has been fundamentally well driven by the underlying demographics of the business. Earnings growth of 25% percent in the second quarter, those are staggering returns and by the way valuations are not that expensive and the secular driver still remains. You have to own Technology, but this broadening out of the market is really important for the overall health of the market. If you want to get to 8,000 on the Nasdaq and 3,000 on the S&P500 you had better have some broadening out.You have seen a broad based rally in Tech and that has widened in Tech, but you need the financials and healthcare to come back in order for the market to advance higher. So you have the S&P500 UP 6% percent this year and if you take a look at Tech it is up 16% percent and consumer discretionary is up 15% percent. So you have Tech and consumer discretionary driving the market higher!My advice for those of you who have gains from last year and do not want to pay taxes and do not want to rotate out of the sector. Stick with a little of what has worked which I believe is Technology and then broaden out to other area's such as energy and financials.Lastly, so the Emerging markets are down significantly in the last six months. What are your thoughts on the emerging market trade which has obviously gotten hit. This is an interesting time, they are trading at a slight premium and the head winds which are really well known are the strong-dollar and rising interest rates. Those historically have been bad times for the emerging markets, if you think back to the scare in May of 2013 and what happened and the selloffs. I think it all gets back to is it a risk that is worth taking? I believe that the risks are probably real especially in the light of a trade war I would avoid emerging markets. In full disclosure I made this change for a client about 3-4 months ago and moved into small-caps because there is no currency risk and there is also no trade war risk!Enclosing , I would stay Long select Tech, Energy, and consumer discretionary.Thank you,John C. Verducci 111