Tech stocks are losing share in the S&P 500:
The Technology sector's weight in the S&P 500 has declined -3 percentage points over the last year after peaking at ~35%.
At the same time, the combined weight of Energy and Materials has edged higher to ~6%, but remains near the lowest on record.
The gap between the two stands at ~26 percentage points, one of the widest in over 30 years of data.
During the Dot-Com Bubble, Tech peaked at ~35% before falling to ~15% in just 2 years.
This kicked off a long bull market in Energy and Materials, with their combined weight in the S&P 500 surging +13 percentage points to ~20% over 8 years.
Meanwhile, global demand for energy, copper, steel, and critical minerals continues to grow while supply chain disruptions and geopolitical risks intensify.
Are markets setting up to narrow this gap again?
@peterjwolff@joinautopilot@TradureApp I’d appreciate it if you could consider sharing at least some of your broader thoughts with those who’ve chosen to autopilot with your fund. It would add valuable context and transparency for long-term supporters.
@FrontierCare@FlyFrontier Dec2025 - Our checked baggage was lost for 4 days on arrival in Costa Rica. We had to buy clothing & essentials. Filed claims, submitted receipts, and chatted with your team multiple times — ZERO response. File ID: SJOF944832442.
8/ The weight loss isn't what it seems either.
Over 35% of weight lost on Ozempic comes from muscle and bone density—not fat.
As Dr. Peter Attia has pointed out, patients routinely become FATTER (as a percentage of body fat) even as they lose pounds.
The 33rd anniversary issue of Business Today brought together experts to speak about what needs to be done to make India future ready. My interview with Montek Singh Ahluwalia, former Deputy Chairman of the erstwhile Planning Commission:
https://t.co/MfOkFZdgRl
Jevons paradox strikes again! As AI gets more efficient and accessible, we will see its use skyrocket, turning it into a commodity we just can't get enough of. https://t.co/omEcOPhdIz