by mrmrmrj
A mere 7 corporate giants are single-handedly generating over 100% of the S&P 500’s profit growth, with a mere 10 stocks shouldering 90% of the market’s gains this year. This high level of dependence on a select few raises red flags, as the fate of these companies now dictates the health of the entire market. Any potential setbacks in these key players could spell disaster for investors and the broader economy.
As you can see from the chart, estimated net income for 2024 is expected to be lower than in 2023. This is due largely to the current economic conditions and the ongoing pandemic.
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