TECH IS ALL (Patreon)

Technology is the profit engine of the market. You need TECH in your portfolio

For the first time ever in HISTORY, Tech, Media, and Telecom companies are making over 20% profit margins — a record high. That’s up 8 percentage points in just three years, and far above their long-term average of around 15%.

Meanwhile, every other sector’s profits have been shrinking since 2021, falling to about 8%, even lower than before the 2008 financial crisis.

In other words, tech companies are now over 2.5 times more profitable than non-tech ones — a huge gap that shows why technology is the core driver of today’s stock market.

As I say I believe 60% of the S&P 500 will be Zombie like by 2030.