🔴THIS HAS NEVER HAPPENED BEFORE:
US technology and communication services sectors now reflect a RECORD 50% of the S&P 500's market cap.
Since 2018, this percentage has more than DOUBLED.
By comparison, at the 2000 Dot-Com Bubble peak, the tech share was ~44%.
Meanwhile, 12 companies accounted for 12.2 percentage points of the S&P 500's +16.3% total return in April and May.
The level of market concentration is absolutely huge. For how long can this last?
🚨BLOODBATH IN THE MARKET.
Over $2.5 Trillion wiped out in 24hrs.
S&P 500 is down -1.65%, wiping out $1.14 trillion, the largest single day crash since January 20.
Gold is down -3.38%, wiping out $1 trillion.
Silver is down -6.9%, wiping out $280 billion.
Bitcoin is down -6.31%, wiping out $80 billion, dropping below $60,000 for the first time since October 2024.