The net worth of U.S. households climbed to new heights as 2021 began and the effects of the Covid-19 pandemic began to fade.
Of that total, $3.2 trillion came from equity holdings, while $1 trillion was due to the continued escalation in real estate values. The S&P 500 gained 7 percent for the quarter as investors continued to count on rising corporate earnings and accommodative fiscal and monetary policy, while also placing speculative bets on so-called meme stocks.
From a historical perspective, household net worth has nearly doubled from its level of a decade ago as the nation was still escaping the throes of the financial crisis.
All good when getting in at the bottom..
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Meme stocks stumble after GameStop discloses SEC probe into the frenzyThe big meme stocks all took a hit in after-hours trading Wednesday as GameStop discloses SEC probe and willingness to fully cooperate with the regulator's... The Reason the SEC is probing GME is because of naked short selling. Speaking of naked short selling, Hedge funds are currently shorting every ETF containing GME in after hours to scare people out. More fuel for the rocket! 🚀 GME to the moon! 🚀 WeOwnTheFloat AMCSqueeze Why in the title your misleading people to think that the Sec is probing the retail investor? NakedShorts
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