Look beneath the surface of the major indices today, and you will find an equity market marked by deep structural fragmentation. Despite a veneer of broad-based health, capital flows tell a completely different story—one dominated by an unprecedented concentration of infrastructure spending that is starving almost every other sector of momentum. This week’s insider buying reflects that same concentration, with notable purchases clustered in semiconductors, enterprise software, and fintech. The Greatest Capex Boom in History We are currently witnessing what can only be described as the largest capital expenditure boom in economic history. The world’s dominant hyper-scalers have effectively turned … Read more