DataTrek's Nick Colas & Jessica Rabe
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2/2 ...History shows corporate fundamentals do not create valuation turning points; expected changes in macro conditions do. This is an important observation just now, with the S&P sporting very high multiples and concerns growing about that fact.
November 5, 2025 at 8:20 PM
2/2 ...History shows corporate fundamentals do not create valuation turning points; expected changes in macro conditions do. This is an important observation just now, with the S&P sporting very high multiples and concerns growing about that fact.
2/2 ...The rest of Big Tech has only seen marginal (0.8 – 1.5 points) increases in S&P weightings. The AI trade is not the only factor creating an increasing Big Tech focused S&P 500.
November 5, 2025 at 8:12 PM
2/2 ...The rest of Big Tech has only seen marginal (0.8 – 1.5 points) increases in S&P weightings. The AI trade is not the only factor creating an increasing Big Tech focused S&P 500.