This Money Expert Is Sending Warning Signs About the Economy — and How To Protect Yourself

Several money experts have sounded the alarm, warning that today’s economy isn’t as strong as some headlines suggest. Although the stock market continues to hit record highs, those gains are concentrated among a small group of companies, according to financial influencer Jaspreet Singh.

But that’s not all. The average American, Singh said, is slowly becoming poorer as prices rise due to inflation and the job market continues to slow down due to artificial intelligence.

Here’s what Singh has to say about the economy and what you can do to protect yourself.

“The news keeps talking about how corporations are seeing record profits, which is helping the stock market break new record highs,” said Singh in his YouTube video. “But we’re actually seeing a divergence here where a few select companies are carrying the market while the rest of the stock market is actually slowing down.”

More specifically, Meta, Alphabet, Amazon, Apple, Microsoft, Nvidia and Tesla — collectively known as the “Magnificent Seven” — grew earnings by about 14.9% in the third quarter of 2025, Singh said.

By comparison, the other 493 companies in the S&P 500 grew earnings by just 6.7%. While the Magnificent Seven are growing much faster than the historical 10-year average quarterly growth rate of 9.2%, the remaining companies are growing significantly more slowly.

While the Magnificent 7 are growing much faster than the historical 10-year average quarterly growth rate of 9.2%, the other 493 are growing much more slowly.

Read More: Trump’s $2,000 Tariff Dividend: 6 Mistakes To Avoid If You Receive This Payment

Find Out: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too

The concern isn’t that some companies are outperforming others, Singh explained. The warning sign is that most of the market is growing more slowly than usual, while just seven companies are propping it up.

“These seven companies by themselves make up around 33% of the entire value of the S&P 500,” Singh said. “And this is where things start to become risky because if one of these seven companies doesn’t do good, not only is it bad for that company and those employees, but now it could bring down the entire stock market because it has such a big weight relative to the general stock market.”

J.P. Morgan predicts that the Magnificent 7 will see roughly 20% earnings per share (EPS) growth in 2026, a faster rate than the S&P 500’s 13% to 15% EPS, as reported by Forbes.

Another concern Singh raised was whether we’re in a stock market bubble, since only a few high-valuation companies drive the market.