US Large Caps outperformed US Small Caps by 5% in 2025, their 5th straight year of outperformance. That tied 1994-1998 for the longest streak of Large Cap outperformance ever. The 1994-98 streak was followed by 6 straight years of Small Cap outperformance (1999-2004)

The trailing 12-month P/E ratio for SPX of 27.4 is above the 5-year average (24.5) and above the 10-year average (23.4)

The Tech Sector ETF's recent 28% outperformance over the S&P 500 in just 9 weeks was its biggest 9-week outperformance ever, exceeding the parabolic move higher in late 1999 and early 2000

The SpaceX IPO was the hottest deal in history