The total value of US private-sector financial assets has reached 6.7 times the US gross domestic product, setting a new record, according to BeInCrypto. This ratio, which includes stocks, bonds, and other financial instruments, surpasses the previous peak of 6.3 times set in 2021. The Kobeissi Letter highlights that this growth has more than doubled since the 1970s, indicating that asset values are climbing faster than wages, benefiting investors who own capital. Wealthy investors are increasingly favoring equities, with allocations rising to 65% of portfolios, the highest since December 2021.