Tech majority: Technology stocks now make up 51% of the S&P 500, the largest share on record.
China gold: Imports hit a record $158.8 billion in the first eight months of 2026.
Oil shipping: US-to-Asia freight costs jumped to about 25% of WTI, the highest on record.
Semis discount: Semiconductors trade at a 13% discount to the S&P 500, the cheapest in years.
Energy top: Oil fell $10 in a week and XLE is carving a classic topping pattern.
Tightening cycle: Markets are pricing one of the shallowest rate-hike cycles in history.
