To close out this Christmas weekend I thought I would spread some final holiday cheer by sharing this very optimistic graphic that Barry Ritholtz posted to his Big Picture website on Christmas Day. It is a chart from the last 20 years showing the really substantial increase in wealth in the bottom 50% of households, most of it in the past 2 years since the pandemic. The source is the Fed. Believe it, don't believe it, but it's another perspective. Meanwhile, speaking of optimism, let's see if we get to enjoy the traditional Santa Claus rally during this coming week.
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