**Historic Performance Gap in US Tech Stocks**

The performance gap in US tech stocks hit historic levels. The top 20% outperformed the bottom 20% by about **120 percentage points** over the last **3 months**, the second-highest ever.

This nearly matches the **135 percentage points** peak during the 2000 Dot-Com Bubble. Over the past year, the spread has **quadrupled**, surpassing the 1999–2000 surge.

Top 20% tech stocks returned **+110%** in **3 months**, near February 2000 levels. The bottom 20% posted **-10%**. This rally is unusually concentrated among the best performers.

**[@futures](https://t.me/futures)