US corporate revenues have never been this concentrated:
The top 1% of US firms by sales now account for a record ~82% of all corporate revenues.
This percentage has risen +22 points since the 1950s.
The top 20 firms alone account for a record 50% of all US corporate sales.
Concentration has increased +10 percentage points since the 1980s.
At the same time, corporate profits after tax as a proportion of US GDP stand at 12%, near an all-time high and more than double 2001 levels.
This means a shrinking number of companies are capturing a growing proportion of both revenues and profits across the entire economy.
The market and economy have never been more concentrated.
显示更多
US space stocks rise on SpaceX IPO hype
Countries tighten travel rules as Ebola risk rises
US mortgage rate rises to nine-month high, worsening affordability again
Chinese brands gain as Europe car sales rise
US stocks and bond yields have risen in tandem lately - but the road ahead for the AI-led equity boom could be difficult if borrowing costs rise much further. Check out the latest column by ROI's Mike Dolan
显示更多
National Bank of Canada's profit rises on stronger wealth management, interest income
Chinese brands gain as Europe car sales rise
NASDAQ 100 FUTURES RISE ABOVE 30,000 FOR THE FIRST TIME IN HISTORY
What a time to be alive. 🫂🙏
European shares edge higher as auto, chemical stocks rise