The company’s employees unloaded more shares to the tune of billions of dollars in the first six months of the year.
Employers lost $77.6 billion in the first half of the year, representing a 20% increase from the same period in 2025. reports Kobeissi’s letter.
This number is the second largest in more than two decades.
Insider sales outnumbered by an 11-to-1 ratio, totaling $6.9 billion during the same period, amid concerns about valuations, national trends and the stability of many AI investments.
Say Kobeissi Letter,
“People in the industry are going down in history.”
Even the company’s biggest selling point, The Kobeissi Letter he says Big Tech’s market dominance is undisputed, as the Technology, Media, and Telecom (TMT) sector now represents 49% of the S&P 500’s market value.
“This is ~9 percent above the peak of the 2000 Dot-Com Bubble and ~20 percent above the late 1960s.
The technology sector now weighs more than the financial sectors, cyclicals, and securities combined.
By comparison, TMT accounted for ~19% of the S&P 500 during the 2008 financial crisis.
The US stock market has never been so dependent on technology. “
As of Friday, the S&P 500 is trading at 7,457.
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