Americans now have nearly half their financial assets in stocks—direct holdings plus funds combined. That's per the latest Fed data.
This isn't inherently bullish or bearish. It's a temperature reading.
When everyone's already in the pool, who's left to jump in? And when the tide goes out, a lot of people get wet at once.
We've been here before. Late 90s, pre-2008, you know the rest. High equity exposure feels safe during the climb. It's the descent that reminds you why diversification exists.
Not saying sell everything. Just saying: know what you own, know why you own it, and know what happens if sentiment shifts fast.
This isn't inherently bullish or bearish. It's a temperature reading.
When everyone's already in the pool, who's left to jump in? And when the tide goes out, a lot of people get wet at once.
We've been here before. Late 90s, pre-2008, you know the rest. High equity exposure feels safe during the climb. It's the descent that reminds you why diversification exists.
Not saying sell everything. Just saying: know what you own, know why you own it, and know what happens if sentiment shifts fast.
