The Tech Sector Breakout Wall Street Doesn't Want You to See

Don Kaufman
October 07, 2025

Hey, it’s Gianni.

Technology stocks just broke out to their highest level relative to the S&P 500 in 25 years.

Cue the panic.

"Tech hasn't been this expensive since the dotcom bubble!"

"This is 2000 all over again!"

Here's the question nobody's asking:

Is technology a bigger part of our economy now than it was 25 years ago?

Because if the answer is yes—and we all know it is—then maybe the breakout isn't insanity.

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