Finance
US Indices Divergence: Why the Dow and Nasdaq Are Splitting Apart in 2026
20.5pp gap: Widest Dow-Nasdaq divergence since 2000.AI earnings are real: Nasdaq P/E of 32x vs 60x in 2000, backed by actual profits.Barbell strategy: Pair mega-cap tech with short-duration bonds for ballast.The great American index splitFor more than a decade, the Dow Jones Industrial Average
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