The Dow just hit a fresh all-time LOW versus the Nasdaq-100. That's a 41-year record.
Let that sink in. The $INDU is getting absolutely demolished on a relative basis. Tech is eating everything.
But honestly? Not shocking at all. It's the Dow. Legacy index, legacy thinking, legacy performance.
The AI supercycle doesn't care about your industrial conglomerates. It cares about compute, chips, software, and cloud infrastructure. That's where the alpha lives.
This chart is basically screaming: own tech, fade old economy. The rotation into AI and growth isn't a trade anymore—it's the entire market structure.
If you're still overweight Dow names in 2025, you're fighting a 41-year downtrend. Good luck with that.
Let that sink in. The $INDU is getting absolutely demolished on a relative basis. Tech is eating everything.
But honestly? Not shocking at all. It's the Dow. Legacy index, legacy thinking, legacy performance.
The AI supercycle doesn't care about your industrial conglomerates. It cares about compute, chips, software, and cloud infrastructure. That's where the alpha lives.
This chart is basically screaming: own tech, fade old economy. The rotation into AI and growth isn't a trade anymore—it's the entire market structure.
If you're still overweight Dow names in 2025, you're fighting a 41-year downtrend. Good luck with that.