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Lance Roberts highlights a significant increase in sales concentration among the largest U.S. firms since 1960. According to Roberts, the top 1 percent of companies now generate about 80 percent of all sales, while the top 20 firms are responsible for approximately half of total sales.
This trend underscores growing dominance by a small number of leading U.S. corporations in overall market activity.
Roberts previously noted that record S&P 500 profit margins are being driven by only seven stocks, with the rest of the index lagging behind here. He has also commented on China’s debt market being managed and insulated from broader market forces here. The observations add context to the significant concentration among leading U.S. companies.