Big Tech Stocks Rout Is Flashing Signals of a Turnaround

(Bloomberg) -- The wreckage in large technology stocks that sent the Nasdaq 100 Index into a correction is flashing signs that have marked turning points for the group in the past.Chief among the signals is how much of Big Tech’s valuation premium to the rest of the market has been erased. Such a compression has historically set the sector up for outperformance.After an 11% slide from its last record in October, the tech-focused gauge now trades at 21 times projected 12-month earnings, just 1.7