The S&P 500 is rallying thanks to these top 10 companies; All Big Tech
The 10 largest companies in the S&P 500 now make up 34% of the index with an average P/E ratio of 50x. This is the highest percentage since 2001 during the Dot-com bubble. Even in the 2008 bubble, this percentage peaked at ~26%. These same 10 companies have accounted for ~80%…
Recent AI hype has only proliferated this trend. All of the top performers in the S&P 500 this year are based around technology and AI-hype. Markets really believe that AI will be the next big thing. Follow us @KobeissiLetter for real time analysis as this develops.