The ratio between tech stocks and the S&P 500 is now over 2 ...
The ratio between tech stocks and the S&P 500 is now over 2 standard deviations ABOVE its historical mean.
Even during the Dot-com bubble of the late 1990s’, this metric peaked at 1.6 standard deviations.
Since 2008, tech stocks have consistently outperformed the S&P 500.
During this time, the Nasdaq Composite and the S&P 500 returned 1,167% and 667%, respectively.
With the mergence of AI, US markets are now almost entirely driven by tech stocks.
Are we overdue for a correction? $Apple(AAPL.US$ $Amazon(AMZN.US$ $Tesla(TSLA.US$ $Microsoft(MSFT.US$ $Alphabet-C(GOOG.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$
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