According to @KobeissiLetter, equities now account for 32% of total U.S. household assets, ahead of real estate at 30% and insurance and pensions at 21%. source: @KobeissiLetter. By comparison, household portfolios are more property-heavy in China at 55% real estate and 11% equities; in the UK, Korea, and Australia at 57%, 65%, and 57% property with 7%, 7%, and 8% equities; and in Taiwan and Japan at 35% and 30% real estate with 12% and 20% equities. source: @KobeissiLetter. The overview concludes U.S. households’ wealth is heavily tied to the stock market, indicating the U.S. is the most equity-sensitive household sector among these peers. source: @KobeissiLetter. For traders, the high U.S. household equity share highlights equity market direction as a key macro input to monitor for cross-asset risk sentiment, including crypto. source: @KobeissiLetter.