TOPLEY’S TOP 10 August 06, 2025

1. Big Tech—Capex vs. Headcount.

https://www.linkedin.com/in/callie-cox-553a1a28

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

3. Biotech Venture Investing Down 75%

Venture Capital

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.

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.