A tale of 2 cohorts: bottom 90% of U.S. households by wealth
account for just 11% of domestic holdings of U.S. stocks,
but make up nearly 80% of aggregate consumption; top 10%
account for 90% of domestic stocks but contribution to
consumption is only 22% |
00:01 - 31/05/22 |
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In 2020, Zoom was bigger than Exxon, which just surpassed
Nvidia |
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Anyone want to guess what happens next? |
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More than half of these stocks have given back all of their
2020 gains. Added column for 2020-2022 returns... |
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China’s credit demand weakened sharply in April as Covid
lockdowns disrupted economic activity |
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