The Magnificent Seven: Market Concentrations and Complications

Published on October 24, 2024

Today’s U.S. markets are highly concentrated, with nearly 70% of the economic profit in the S&P 500 Index generated by the top 10 companies.

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Don’t Believe the AI Hype

October 24, 2024
If you listen to tech industry leaders, business-sector forecasters, and much of the media, you may believe that recent advances in generative AI will soon bring extraordinary productivity benefits, revolutionizing life as we know it. Yet neither economic theory nor the data support such exuberant forecasts.

Modern Wealth Acquires $1.4B RIA in Idaho

October 24, 2024
Petso Financial Consultants represents Modern Wealth’s first office West of Kansas City, bringing its total AUM to over $6 billion.