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“The S&P 500 has become a tech bet, not a diversified index. At 45% tech and AI, its price-to-sales is 3.7x versus 2.3x at the 2000 peak, and the Buffett indicator is at 241% of GDP. Passive holders are unknowingly concentrated in the most expensive part of the market.”
Source
Smead Capital ManagementX“2Q26 U.S. Value Strategy Newsletter: Diversifica…”span
“Recently, 45% of the index was in technology/AI stocks.”
Performance
Entry$7,572.90
Current—
Since call— pending
Confidence72%
How this was scored
Entry$7,572.90Jul 15, 2026 · 14:01 UTC · paste.trade
Horizonnot specifiedparsed as default-30d
Verdict bandWIN ≥ +2% · LOSS ≤ −2%
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.