Stockholdings by U.S. individual investors increased to 41% of their total financial assets in April — the highest level on record, The Wall Street Journal reports (subscription) from JPMorgan Chase and Fed data going back to 1952, including 401(k) retirement accounts:
“Financial advisers and money managers said their clients have grown more comfortable holding stocks as they witnessed the powerful rally over the past year, with some even questioning why they need bonds in their portfolios with yields still so low.”
You’ll recall Donald Trump often (and I mean OFTEN) pointed to the performance of the stock market as a measure of his ‘success’ as a president.
Trump also claimed over and over again the market would tank if he lost the 2020 election. Well,…