Does Covid = Y2K For Earnings?

Check out the accompanying pdf and chart collection. (1) Technicians don’t like what they see in Nasdaq. (2) A replay of Y2K boom and bust for tech as a result of Covid? (3) Scramble to boost productivity should offset less pandemic-related tech demand. (4) Nasdaq 100 beating Nasdaq composite (2,500+ stocks). (5) S&P 500/400/600 Information Technology having a good year. (6) Mag-8 are in both S&P 500 and Nasdaq 100. (7) Mag-8 accounts for more than a quarter of S&P 500 market cap and is trading at a forward P/E of 34.8 on a free-float basis. (8) S&P 500 profit margins probably peaked during Q2 but should stay high, especially ex-Financials. (9) Lots of solid revenues and earnings growth rates among S&P 500 sectors.