Stocks drive record share of American wealth

More than ever, Americans are putting their money into the stock market, with a record 33% of their total wealth tied up in stocks, according to recent data from the Federal Reserve and FactSet. This surge, driven largely by the AI-driven rally, means that while many are benefiting from significant gains, there's also a heightened risk of substantial losses if the market reverses. This trend underscores the growing financial dependence on the stock market and highlights the potential vulnerabilities in the current economic landscape.