$Tesla(TSLA.US)So, it’s time to prepare for a rebound.
As U.S. household equity exposure stands at historic highs, the current 10% market correction has already resulted in a loss of household wealth equivalent to 12% of GDP.
Since 1950, a 10% market correction has been relatively common (occurring 53 times), but a wealth shock of this magnitude is far rarer (only 13 instances). The close linkage between household wealth and stock market fluctuations heightens the likelihood of downward economic risks.
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