Is this a Path Forward?
% of Total Profits Coming from the Largest 100 Companies*
2020: 90%
2017: 84%
1997: 52%
1977: 48%*U.S. publicly traded corporations, Wall St. Journal data, via @beartrapsreport
cc @paulvigna
— Lawrence McDonald (@Convertbond) July 14, 2020
Apple and Microsoft constitute ~44% of tech pic.twitter.com/tEDbH6288Z
— Lawrence Hamtil (@lhamtil) July 14, 2020
Amazon now accounts for 50% of the S&P 500 Consumer Discretionary sector. via @yardeni pic.twitter.com/hHoTjICQB9
— Lawrence Hamtil (@lhamtil) July 14, 2020
I don't agree with this, but it's worth reading and has some good charts.
GMO/Grantham latest paper: WHY WE ARE NOT WORRIED ABOUT ELEVATED PROFIT MARGINShttps://t.co/Z3H0kiLUIQ pic.twitter.com/fVj2VlTonx
— M/1_LP (@MI_Investments) July 13, 2020
Citadel Securities Says Retail Is 25% of the Market During Peaks – Bloomberg https://t.co/rwOtIbytGG
— BamaTrader (@BamaTrader) July 15, 2020