America = Technology - Money Weekly Newsletter from alooola®
- Jun 1
- 2 min read
America = Technology
June 1, 2026
Technology companies now represent roughly 52% of the S&P 500 when Alphabet, Amazon, Meta, and Tesla are included. Healthcare, meanwhile, has decreased from 14.2% of the index in 2020 to just 8.3% today. *1
Historically, investors could diversify away from technology by looking overseas. Today, that is harder: 28% of the index is now concentrated in just three semiconductor firms: Taiwan Semiconductor, Samsung Electronics, and SK Hynix. 2
The S&P 500 has historically averaged a 2.6% gain between Memorial Day and Labor Day over the last 50 years, with positive returns 74% of the time. Over the last decade, summer performance has been even stronger, averaging a 6.0% gain with positive returns in 90% of years. *3
SpaceX filed paperwork for an $80 billion IPO, which would be the largest in history, surpassing Saudi Aramco's $25.6 billion IPO in 2019 and exceeding the combined proceeds of the prior three largest IPOs. *3
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alooola® is an SEC Registered Investment Adviser. Material presented is for informational purposes only, and is not meant to be advice to any individual. Talk with alooola® to see how this information may apply to you. Consider your current financial situation, tolerance for risk, and investment objectives before you invest funds in securities through alooola®. For a more complete explanation of the alooola® service, please visit www.alooola.com. Information presented, including past performance of various sectors, vehicles, and indices is not to be construed as a forecast or guarantee of future results. Actual results, performance, or events may differ materially from those expressed or implied herein, and all investments are subject to risk, including loss of principal.
Sources:
Yahoo Finance – "If It Walks Like a Bubble and Quacks Like a Bubble, Then It's Probably a Bubble"
WSJ – "Emerging Markets Won't Protect You from AI Mania"
MFS – "Beyond the News"
*Past performance is not indicative of future performance
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