Europe Capital Partners flags S&P 500 outperformance vs equal-weight index as widest since dot-com bubble

• Europe Capital Partners flagged the S&P 500’s biggest outperformance versus the equal-weight index since the dot-com era.
• Since ChatGPT’s November 2022 launch, the S&P 500 gained 118% versus 67% for the equal-weight benchmark, a gap above 50 points.
• During the internet bubble, the spread peaked at 68 points, highlighting today’s market concentration in a handful of tech giants.
• Unlike the dot-com period, current tech leaders generate significant earnings and cash flow, though valuation risk remains.
• The firm urged investors to look beyond mega-cap US tech, citing better-valued companies elsewhere and warning that price discipline still matters.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Europe Capital Partners SA published the original content used to generate this news brief on October 08, 2026, and is solely responsible for the information contained therein.