Daryl Kronk believes Microsoft is significantly more valuable than its current valuation suggests due to its immense free cash flow generation.

Daryl Kronk believes the 10-year Treasury yield needs to be higher, suggesting it should align with nominal GDP, which has a "five in front of it."

Daryl Kronk states that the technology sector is delivering 35% earnings growth, which is approximately double the 17% earnings growth of the broader market.

Daryl Kronk projects that forward 12-month earnings for the market will increase by 17% to 18%.

Daryl Kronk advises against taking on credit risk in the bond market, stating that spreads on high-yield bonds are not wide enough to compensate for the risk.

Daryl Kronk believes technology stocks are not remotely stretched in valuation, as they trade at a 21 times multiple, the same as the S&P 500, but offer double the earnings growth.

Daryl Kronk states that the technology sector leads in shareholder yield, defined as dividends plus share buybacks, at approximately 5.5%, a level comparable to the financials sector.

Market expectations for Q1 earnings growth are 13%.

Financials and technology companies together represent 46% of the S&P 500's market capitalization.

Wells Fargo Investment Institute downgraded the technology sector on October 30th of the previous year and subsequently upgraded it on April 6th.

The market has experienced six consecutive quarters of double-digit earnings growth.

In the two weeks following Wells Fargo Investment Institute's upgrade on April 6th, the technology sector increased by 11%.