Lance Roberts
@LanceRoberts
Chief Strategist Host: RealInvestment Show, Editor PM for
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Yes, because the market has risen. However, here is the data you should be paying attention to:
- Fidelity manages 28.5 million 401k accounts.
- If we round up to 800k, that is 3% of all accounts they manage.
- Mean (Average) Balance: “The average 401(k) balance rose by 10.5% to $155,800.
- The median across all individual participants is between $32,800 to $34,400, illustrating that high balances pull the overall mathematical average upward.
So, yes, the number of 401k "Millionaires" has certainly scaled higher, but for the average household, they are not contributing and saving effectively to fund retirement goals.
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The income trade has reversed. In July 2016, 63.4% of S&P 500 stocks yielded more than the 10-year U.S. Treasury. Today, fewer than 4.5% do, leaving Treasuries with higher yields than almost every blue-chip stock.
For the first time since the financial crisis, investors are finally being paid to hold Treasury bonds.
h/t @ISABELNET_SA @NDR_Research
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Driven by the rapid expansion of AI infrastructure, global memory chip revenue is projected to surge to $804 billion in 2026 and exceed $1 trillion in 2027.
h/t @StatistaCharts @SoberLook
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Return on equity (ROE) is much higher in the US than in the rest of the world.
Foreigners purchased nearly $500 billion worth of US equities in the first half of the year.
