Europe Capital Partners flags S&P 500 outperformance vs equal-weight index as widest since dot-com bubble

Europe Capital Partners said the S&P 500 has outperformed its equal-weight benchmark by more than 50 percentage points since ChatGPT launched in November 2022, its widest gap since the dot-com era. The firm noted that current tech leaders generate significant earnings and cash flow but said valuation risk remains.