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

Americans are all-in on equities like never before. That speaks to booming wealth and bullish sentiment, but it also leaves portfolios more vulnerable to any valuation reset. The ride higher feels good, until it doesn’t.

Image: Topdown Charts

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