Recent data highlights a divergence in sector exposure among major ETFs, with the QQQ ETF showing a significant tilt towards technology compared to the SPX and a weighted average of other ETFs. Despite a general underweighting of tech in the broader ETF market, recent capital flows have increasingly favored the technology sector, indicating a concentrated interest in tech stocks. This trend suggests that while not all investors are heavily investing in technology, the sector continues to attract substantial inflows, particularly in recent periods. This could reflect growing confidence in tech's growth potential or a strategic shift among investors seeking to capitalize on tech-driven market dynamics.