The Financial Post reports in its Tuesday, Nov. 14, edition that as the big tech hype cycle powered on, stock-market distortions on an epic scale were on full display last week. A Bloomberg dispatch to the Post reports that while the Nasdaq 100 soared as Microsoft hit records and Nvidia surged anew, the enduring party in the blue-chip mega-caps belies dispiriting performance across a slew of equity investment strategies sensitive to the economic cycle. Value stocks slid, small companies plunged and shares targeted by short sellers had their worst run since March. Amid the churn was evidence that credit angst continues to dog Wall Street. Companies with the strongest balance sheets beat their shakier counterparts by the most in around four months, according to Goldman Sachs Group, while high-yield bonds declined. Taken together, the market swings show investors remain profoundly confused as to how the most aggressive interest-rate cycle in four decades will play out in earnings, the economy and corporate valuations. Yet all that angst is masked by the seemingly relentless advance in headline market-cap-weighted indexes -- thanks to Big Tech euphoria.