Macro and market

IT investment as a share of GDP (%)Private investment in information processing equipment and software ÷ nominal GDP (BEA via FRED, quarterly). Latest 4.96% (1 Apr 2026)
Investment in computers and peripherals, y/y (%)Includes servers. The AI build-out shows up here first. Latest 57.9% (1 Apr 2026)
Nasdaq-100: gain over the previous three years (%)The 2000 peak came after a gain of close to 500%. Latest 107.0% (25 Sep 2026)
Fed funds rate (%)Monthly average. Latest 3.63% (1 Aug 2026)
US 10-year Treasury yield (%)Weekly. Latest 5.18% (24 Sep 2026)
US high-yield spread (%)ICE BofA. FRED publishes only the last three years. Latest 2.80% (24 Sep 2026)
Chip index vs its 200-day average (%)Below zero means the index is under its 200-day average. Latest 24.2% (25 Sep 2026)

Big-five capex ÷ operating cash flow

Last four quarters (%)

Updated 28 Sep 2026 10:50 JST · prices to 25 Sep 2026