The S&P 500 Information Technology sector's CapEx-to-depreciation ratio has reached ~1.94, marking a 20-year high. Concurrently, the top 100 US companies now account for approximately 68% of total market capitalization, a level not seen since the 1970s. These metrics indicate an aggressive investment landscape dominated by large-cap tech. [Update 1] New market data reveals that concentration is becoming even more acute at the summit of the market, with the top five U.S. stocks now representing roughly 25% of total market capitalization. This level of dominance places US market concentration near historic highs, although it still trails specific global markets like Canada and India. Separately, retail sentiment highlights a strong consensus on future monetary policy. Data from Robinhood indicates that approximately 93% of traders on the platform anticipate exactly three interest rate cuts to occur this year.