Topley's Top 10

Big Tech—Capex vs. Headcount

August 06, 2025

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1. Big Tech—Capex vs. Headcount

Callie Cox

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2. Top 10 S&P Stocks are 40% of Market Cap and 33% of Profits

Zach Goldberg Jefferies The top 10 stocks in the S&P 500 now account for 40% of the market cap and 33% of the profits...Source: SocGen

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3. Biotech Venture Investing Down 75%

Venture capital

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4. Insider Buying Lowest Since 2018

Dave Lutz Jones Trading Insiders at just 151 S&P 500 companies bought their own stocks last month, the fewest since at least 2018, according to data compiled by the Washington Service. And while July’s selling by corporate insiders slowed from June’s pace, purchases dropped even more, pushing the ratio of buying-to-selling to the lowest level in a year, the data shows.

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5. Tokenization Market Value

Charts tell stories. Hockey-stick charts tell big stories.

One of the biggest stories today is that tokenization — the idea of moving stocks, bonds, and other real-world assets over blockchains instead of traditional networks — is having a moment.

Not only has it catapulted from zero to a $25 billion market in four years. But suddenly some of the biggest players in finance are talking about it.

Think about that for a second. 

Stocks are a $117 trillion market. Bonds are a $140 trillion market. That’s $257 trillion up for grabs in the tokenization wars.

This is one chart you’ll want to keep your eye on.

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6. Private Equity Stocks Performance vs. Their Funds Performance Last 3 Years

Joshua Brown

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7. Annual Percent of 1% Daily S&P Moves vs. History

Nasdaq Dorsey Wright

8. Demographics is Destiny….Single…China’s Fastest Growing Households

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9. Total U.S. Retirement Assets $43.4 Trillion….401ks $12.2 Trillion

The Lead Left

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10. 8 Phrases That Make You Sound Smarter

The Productive Leader

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Indices that may be included herein are unmanaged indices and one cannot directly invest in an index. Index returns do not reflect the impact of any management fees, transaction costs or expenses. The index information included herein is for illustrative purposes only.


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