The market has two completely separate parts - Tech and non-Tech.
I have a $300k+ position in INTC and AAPL. These are from 10+ years ago, from small initial positions that just grew several hundred % over time. Primarily due to these two - my overall portfolio is only down 8% from the peak as of today morning.
(I no longer bet on single stocks, never purchased one after 2014).
The tech names will hardly be impacted by the current consumer slowdown. A little bit - sure. But that will be temporary.
This is very different from other parts of the SP500 landscape. They are facing completely different fundamentals for many years to come - perhaps permanently.
Mixing these two parts together is misleading and confusing.
This is why I DO buy individual stocks. My accounts are all tech stocks (AAPL, AMZN, NFLX, SHOP, RNG, GOOGL, WORK, ZM, DOCU, BILL, AVLR, MSFT). My trading account is now breakeven for the year, and my IRA is up 5% on the year. The indexes have a bunch of junk (oil and gas, financial, real estate) who don't have nearly the margins of these software as a service stocks, and will not perform nearly as well over time.
This is really going off topic.
I have found it is very difficult to "predict" which sector will come out the winner for the long term. XOM looked just as much a "winner" back in 2009-2010 timeframe as AAPL does today. I know because I have a $6000 XOM position seating in my brokerage account back from those days. I kinda/sorta know that biotech related stocks, and some pharma will benefit from the spending boom in all things immunology that is under way. I don't yet know which individual stocks.
In fact, I once coded up High Frequency Trading routines for a hedge fund way back (before the great recession). What I found is that your basic strategies (e.g. momentum following with a hint of manual controls thrown in) work great - till more people start doing it and the market adapts to make that unworkable. This feedback loop makes *any* strategy a losing one in the long term - unless you can constantly bank on inventing one winning strategy after another - ad-infinitum.
Your tech positions look great for today's crisis. Your returns, however, will be predicated on whether they will look great for tomorrow's crisis, and there is no magic wand for that.
I *still* look for "sure shot" stocks (e.g. what AAPL looked like right after Mr. Market pummeled it after Jobs died), and will invest some money in them if/when I find them. But I don't use that as my dominant strategy any more for reasons outlined above. I haven't found any such sure-shots after 2014.