The performance gap within tech stocks is at historic levels:
The performance gap within tech stocks is at historic levels:
The top 20% of US tech stocks have outperformed the bottom 20% by ~120 percentage points over the last 3 months, the 2nd-highest reading in history.
By comparison, this difference peaked at ~135 percentage points during the 2000 Dot-Com Bubble.
This spread has QUADRUPLED over the last year, outpacing the surge seen in 1999-2000.
Top 20% of tech stocks have now returned +110% over the last 3 months, nearly matching February 2000 levels.
At the same time, the bottom 20% performers have returned -10%.
The tech rally has almost never been this concentrated.
That's a concerning trend, especially with the top performers nearing February 2000 levels, do you think this could be a sign of an impending correction or a natural consolidation? 🚀💸😬
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