🔥Tech is outperforming the market the most since the Dot-com bubble


The Info Tech sector is currently outperforming the overall market by an average of ~9% per year over a 10-year timeframe—the highest level in the entire industry in the US. This outperformance has nearly doubled since the 2020 pandemic.
The ~9% figure matches the peak of the commodities group during the supercycle period of 2008–2011—the last time an industry reached a similar dominance.
For comparison, at the peak of the Dot-com bubble in 2000, tech outperformed the market by ~13% per year; the historical peak of ~15% belonged to the 1960s (the IBM era).
Info Tech has been the leading sector for 7 straight years—the longest streak since the 1960s. The tech sector’s profit margin is now double that of the rest of the S&P 500 (26% vs 13%), and even Goldman has admitted it hasn’t been called a bubble.
IBM-2.12%
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