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What's the negative catalyst? (EP.291)

Animal Spirits Podcast

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The Inverted Yield Curve

At the peak of the tech bubble, information tech never generated more than 14% of earnings for this P 500. Now it accounts for 21%. It'd be interesting if tech overcorrosps where it becomes like underrepresented relative to its net income. Look at energy is 11% of net income and not even close to 11% of the market cap in 2022. I mean, look at how much bigger energy was in the 1980s. And now it makes up 4% of the total index in terms of weight.

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