Menu
Theme
Sign In
On December 7, 2025, we recommended market weighting rather than overweighting the Information Technology and Communication Services sectors of the S&P 500. Their combined share of the S&P 500 market capitalization has declined from a record 46.7% on November 5, 2025 to 43.9% on Monday (chart). That's even though their combined earnings share of the S&P 500 continued to rise to a record 39.8% yesterday.
Despite the rapid growth of the two sectors' combined forward earnings, the forward P/E of the two combined has dropped from 28.9 on November 5, 2025 to 24.3 currently (chart).
End of free preview
Ed's analysis as news breaks — often the same day. Plus the full QuickTakes archive.
Individual investor? Get Ed's QuickTakes for personal use at yardeniquicktakes.com →