Big Tech's Big Bubble is distorting the global equity market

The world runs on technology, and right now, the capital markets are no different. Such is the power of America’s Magnificent Seven, namely Google parent Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla, that the S&P 500 index just hit another all-time high, thanks to runaway valuations of these globally influential megacorporations. While this is impressive, Big Tech’s insatiable appetite for share price appreciation has also created a misrepresentation of the broader health of the glob ...