Crazy chart: The Nasdaq 100 index, relative to commodities h...
Crazy chart:
The Nasdaq 100 index, relative to commodities has reached the highest level since the Dot-com bubble.
Meanwhile, US tech market cap share of the total US equity market is at 33%, also the largest since March 2000.
Since 2021, the Nasdaq 100 has DOUBLED relative to commodity prices.
This also comes as the market cap of the Magnificent 7 has passed $10 trillion for the first time in history.
Tech stocks ARE the stock market.
The Nasdaq 100 index, relative to commodities has reached the highest level since the Dot-com bubble.
Meanwhile, US tech market cap share of the total US equity market is at 33%, also the largest since March 2000.
Since 2021, the Nasdaq 100 has DOUBLED relative to commodity prices.
This also comes as the market cap of the Magnificent 7 has passed $10 trillion for the first time in history.
Tech stocks ARE the stock market.
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