Coronavirus is Y2K, Large-Cap Value Erases Performance Gap in 2 Weeks, The Inverted Crash

I've laid out before how the coronavirus might be like Y2K, in that it provided the juice for the final blow-off top in the technology sector, and probably the whole market since tech probably won't tumble in isolation. Look at these pure value and pure growth ETF ratios, with value at the numerator. Value crashed and stayed down during the pandemic.

This chart presents it better. Technology had its blow-off top. it crashed upwards in a move that only has a comparison with the 2008 crash. The prior spike peak was March 6, 2009. It formed a rounded-top this time because it wasn't a crash down in value like in 2008, but a "crash" upwards in technology. Before 2009, it was a tech blow-off in late 1998-2000. The peak in 2009 marked the bottom of the bear market. The peak in March 2000 marked a bull market peaking. March 2021 looks like it is rhyming.