US Private Financial Assets Reach Record 6.7x GDP as Wealth Gap Widens

The value of U.S. private-sector financial assets reached a record 6.7 times GDP, above the previous 6.3 peak in 2021. Kobeissi Letter said equity allocations among high-net-worth investors rose to 65% of portfolios, while cash fell to 10% and bond exposure dropped to 18%.

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