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But we saved everything 🙂.
Eric Basmajian examines how owning just five major stocks—Apple, Microsoft, Amazon, Google, and Meta—can provide exposure to as many as 70 businesses.
He observes that these mega-cap technology companies operate as large conglomerates, contributing to a situation where only ten stocks produce 20% of all U.S. corporate profits.
In earlier commentary, Basmajian explained that averaging finished and unstarted homes into a single supply metric can overlook key cost differences. He has also reported that U.S. real personal income per capita remains $3,267 below the 2009–2020 trend after fifteen months of stagnation. These observations follow his latest analysis on corporate profits and tech conglomerate exposure.