S&P 500 CAPE Ratio vs. U.S. Households Holding of Equities % Total Financial Assets

U.S. households have never been this deep in equities. It’s a sign of booming wealth and market faith — but also a setup for sharper pain if a correction brings valuations back down to earth.

Image: Topdown Charts

S&P 500 CAPE Ratio vs. U.S. Households Holding of Equities % Total Financial Assets