BREAKING: US households' allocation to stocks as a percentage of financial assets rose to 43.4% in Q3 2024, an all-time high.

This percentage has surpassed the previous record of 41.7% set in Q4 2021, according to the Fed data.

Households’ stock allocation is now even higher than at the 2000 Dot-Com Bubble peak of 38.5%.

Meanwhile, the top 10% of households now own 87% of all stocks with the top 1% owning half of them.

At the same time, the bottom 50% holds just 1% of all equities.

Truly unprecedented times.