Wall Street's S&P 500 Targets for 2026 🚨 Nobody is predicting a red year for stocks 🤯 pic.twitter.com/5LOfHmfI9y
— Barchart (@Barchart) December 22, 2025
The stock market’s run has been historic:
US households now own more equities than real estate as a percentage of their net worth, the 3rd such occurrence over the last 65 years.
This comes as corporate equities and mutual funds rose to ~31% of net worth in Q2 2025, an all-time high.
This percentage has more than doubled since 2008.
By comparison, the 2000 Dot-Com Bubble peak was ~25%.
Meanwhile, real estate assets fell below 30% of total net worth in Q2 for the first time since 2021.
This is far below the 2006 peak of 38% recorded before the housing bubble burst.
Asset owners are winning.
The stock market's run has been historic:
US households now own more equities than real estate as a percentage of their net worth, the 3rd such occurrence over the last 65 years.
This comes as corporate equities and mutual funds rose to ~31% of net worth in Q2 2025, an all-time… pic.twitter.com/vbrCb5ROVV
— The Kobeissi Letter (@KobeissiLetter) December 22, 2025
What happens if markets turn when stocks dominate household wealth?