Compare 2008/2009 to 2020 and you’ll see that the S&amp;P 500 has lost $49 billion in earnings power from the 2 largest Energy companies ( $XOM &amp; $CVX ) but gained $106 billion from the 4 largest Tech companies ( $FB, $GOOG, $AAPL &amp; $MSFT). $SPY $XLE $XLK $XLC $IVV