Mega-Caps Are Winning. But Is Everyone Else REALLY Losing?

Everything looks great…until you zoom out.

In this must-watch session from the MoneyShow Masters Symposium in Las Vegas (July 15–17, 2025), Paul Hickey, co-founder of Bespoke Investment Group, walks investors through a rare kind of analysis, one that cuts through headlines and digs into what the market is actually doing under the surface.

Paul breaks down the widening gap between a handful of mega-cap tech stocks and the rest of the market, and explains why breadth, sentiment, and earnings surprises are all flashing a very different message than the major indices. You’ll also hear his thoughts on international markets, volatility trends, and sector leadership – plus where you’re most likely to find the biggest winners of TOMORROW.

If you want to see how professional analysts really decode what the market is telling them, this is it.

About Paul Hickey

Paul Hickey is co-founder of Bespoke Investment Group, known for delivering high-quality macro and equity research to institutional and retail investors. His work is cited across major media outlets and widely followed for its data-driven approach to markets.

CHAPTERS

00:00 – Welcome & Market Breadth Breakdown
03:06 – Mega-Caps vs the Rest of the Market
06:15 – Earnings Trends and Surprise Factors
09:20 – Volatility Metrics and Market Comfort
12:28 – Energy Sector Breakout & Oil Stocks
15:35 – Sector Rotation: Winners & Laggards
18:42 – International Markets Outperforming
21:50 – Weakness in Retail and Transportation
24:15 – Why the Market Looks Strong But Isn’t
26:40 – What to Watch for a Major Market Shift

📅 Join us at the 2025 MoneyShow Toronto, September 12–13, at the Metro Toronto Convention Centre North!

Register now: https://toronto.moneyshow.com/

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