Tech taking over

There are many, many more companies that are quietly automating their processes with AI.

Take a look at the explosion of AI talks during earnings calls:

In just a few years, these companies will upgrade their internal processes with AI solutions that will render many desk jobs obsolete.

What happens, then?

More Centralization

Let me show you a set of two charts that explain what's coming up better than anything.

In Chart 1 below, you see the average composition of the S&P 500 between 2000-2016:

For most of this century, America's biggest companies were more or less evenly spread across these key sectors.

But look what happened recently.

In Chart 2, tech has completely taken over the S&P 500. And it all happened in just the past couple of years.