What to expect on ‘liberation day’

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Financial Times 1d ago

What to expect on ‘liberation day’ - Financial Times

Quick Summary:

Wealthier households are also more exposed to the stock market — and, as such, the recent correction.

Reams of Wall Street research on the topic has washed up in Unhedged’s inbox, and despite a lot of talk of uncertainty, a fairly clear set of consensus expectations emerges from it.

While the correction crunched the brokerage accounts of the well-to-do, it only destroyed a comparatively small portion of their overall assets: 2.4 per cent for the top 10 per cent, and 3 per cent for the top 0.1 per cent.