Imagine that your largest equity asset is wiped out and you have no flood insurance. Now you have nowhere to live and have to restart from scratch paying rent somewhere else. Think you would keep paying your mortgage on the house that no longer exists? Who bears the risk of capital loss now? Here is a direct video link.
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Cory’s Chart Corner
In both directions. h/t @LanceRoberts
This is really pretty incredible.
US household holdings of equities and mutual funds reached a record 278% of disposable personal income in the second quarter of 2026, up from just 29% in 1982, amplifying the stock market’s influence on consumer spending and economic activity.
