Weekly Market Commentary 12/11/2015
Households may not be feeling quite as wealthy these days, thanks largely to the clobbering of portfolios brought on by sinking stock prices in the third quarter. During that period, the value of household stock holdings — held both directly and indirectly in pension plans and the like — slipped by $2.3 trillion, contributing to a $1.7 trillion decline in financial asset holdings. As a result, households suffered a $1.2 trillion drop in net worth, only the third quarterly drop in this measure of financial well-being since the end of the Great Recession. Could this have played a role in the disappointing sales numbers seen over
the summer months?
- DATE: December 11, 2015
- TYPE: PDF
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