I'm John Batcha with my colleague Elizabeth Peek of the Hill, a columnist of Fox News

economist much on Fox Business, riding at the Hill most recently, Liz identified three shaky pillars of the American economy.

Over-the-top government spending trillions, an overly concentrated stock market, mag seven, maybe mag five,

an illegal immigration which Liz just addressed in terms of cheap labor at the hotel your end but not at the making stuff

bending metal and Liz let's talk about the other two overly concentrated stock

market that used to make us vulnerable does it?

Well, I think it's pretty intriguing. Actually, it's amazing to me that you had recently 10 biggest stocks in the stock market accounting for

34% of the total market cap. We have not seen that since the 1970s and I think that's an extremely again shaky pillar I don't

think that that should give anyone particular confidence I was on set yesterday on Fox business with some people talking about how the market has to broaden out and I think that's totally right.

And they were optimistic that the investor interests would start looking at the Russell 2000,

you know, the mid-sized market cap companies in the stock market.

And I think that seems reasonable.

I mean, if the economy is growing,

if companies are doing well, it shouldn't just be

a very small number of companies, the so-called Magnificent Seven or whatever, it receives all the money.

That seems stupid to me. So I think you're going to have, if the market does not broaden out, the market is going to come down.

I think that's pretty reasonable conjecture.

The spending, however, that is something that must be addressed by this president or the next president

depending on the results in November.

Yeah, the spending is the inflation.

We've talked about this repeatedly.

That's on television all the time, but the White House doesn't believe it.

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