American Household Net Worth = $80.7 Trillion

Wall Street is having another good day. The S&P 500 has been as high as 1,881.94. The mega intra-day low came exactly five years ago today when the S&P 500 bottomed at 666.79.

Wall Street’s attention is focused on tomorrow’s jobs report. I suspect we’ll see more sluggish improvement in the labor market. I strongly doubt the Fed will soon be convinced to abandon its taper plans. This morning’s initial jobless claims report dropped to 323,000 which is a three-month low.

fredgraph03062014

The Fed released a quarterly report called the Flow of Funds report. It’s always interesting to go through. The report shows that the combined net household worth of Americans increased in Q4 to $80.7 trillion. Of that, $19.4 trillion is in real estate which is still $3.2 trillion below the peak from eight years ago.

Posted by on March 6th, 2014 at 2:49 pm


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