Stock Market Declines Have Resulted In Trillions Lost For American Investors

CNBC: Stock market losses wipe out $9 trillion from Americans’ wealth

* Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion at the start of the year.

* With major market indexes falling further since July, experts say losses from financial markets could total $9.5 trillion to $10 trillion.

* Economists say the drops could add pressure to Americans’ balance sheets and possibly hurting spending.

Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending.

Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion at the start of the year, according to data from the Federal Reserve.

With major market indexes falling even further since early July, and the bond market adding further losses, market experts say the current wealth losses from financial markets could total $9.5 trillion to $10 trillion.

Read more ....

Update: ‘True carnage’: Stock-market selloff wipes $13 trillion in market cap off broad U.S. benchmark (Market Watch)

WNU Editor: The "experts" see no hope for the rest of 2022 .... Investors believe aggressive Fed will keep stock market down for the rest of 2022, CNBC survey shows (CNBC).

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