According to @KobeissiLetter, the S&P 500 Information Technology sector outperformed the S&P 500 by a record 2.2x in July 2025 (source: @KobeissiLetter). The price gap between technology and the broader S&P 500 has more than doubled over the last eight years, underscoring unprecedented relative strength in mega-cap tech leadership (source: @KobeissiLetter). For trading, this level of concentration suggests index performance is highly sensitive to tech leadership, a key consideration for equity index futures, sector rotation strategies, and cross-asset risk monitoring in crypto markets (source: @KobeissiLetter).