The tech selloff reveals a major shift in how Wall Street is positioning for the future

Tech stocks, favored for their earnings growth, are underperforming more defensive utilities stocks. 
The weakened ratio of both sectors reflects a softening in investors' growth outlook.
The recent sell-off in tech stocks suggests that investors are thinking about growth differently.
The returns of the S&P 500's technology sector have more than doubled the benchmark index's over the past year. In contrast, utilities, a defensive sector that investors like for its indifference to the ec