$1.8T Norway fund CEO urges contrarian pivot: Sell tech, buy China’s overlooked opportunities.

For years, tech has felt like the safest bet, the untouchable giant. But maybe the real opportunity is in the places most are too cautious to explore.

The U.S. stock market feels like it’s balancing on a razor’s edge right now. The S&P 500 trading at 22x forward earnings and the Nasdaq 100 at 28x—it’s almost surreal how high these numbers have climbed. Moments like this don’t come often, and history shows they don’t usually last long either. It’s like the market’s daring gravity to kick in, and you can’t help but wonder how much higher it can go before reality catches up.