American households lucky enough to own stocks and real estate enjoyed a record windfall in Q2, data released by the Fed on Friday showed.
Specifically, household net worth rose by almost $13 trillion in the three months ended June 30.
The vast majority of the increase was attributable to an estimated $10.7 trillion gain in the value of corporate equity.
There’s the updated chart, and my goodness: It’s somethin’ to behold, ain’t it?
Since the March 2020 pandemic lows on Wall Street, the value of corporate equities held directly and indirectly by the household sector’s up $48.93 trillion.
Recall that the Iran war dip was shallow (not even 10% on the S&P) and short-lived.
As the figure shows, the benchmark of all benchmarks managed nearly two-dozen new records since the late-March 2026 lows.
Friday’s Fed update showed property values chipped in $1.13 trillion to the overall Q2 gain, the most in a year. These are nominal figures, obviously.
If you’re curious as to how the US consumer managed to weather the storm as gas prices soared and sentiment surveys printed new all-time lows this spring and summer, the answer’s stocks. I hope you own some. “They are so choice,” as Ferris might put it. “If you have the means, I highly recommend picking some up.”
Let this serve as a(nother) reminder: The US equity market’s way too big to fail.
Gid smiles upon those who deserve it.
I generally identify as an atheist, but I’m intrigued by this Gid character if he is indeed the path to stock-rich class.
Training courses are available. Not cheap, but they pay for themselves within a year. As long as you don’t go cheap and opt for the copper level.