[Stock Market 'Ammunition' Nearing Its Limit? Goldman Sachs Says U.S. Household and Institutional Stock Positions Hit Record High] BlockBeats News, July 27, Goldman Sachs data shows that U.S. households, pension funds, insurance institutions, and investment funds have allocated nearly 65% of their portfolios to stocks, reaching a historic high. This marks an increase of approximately 31 percentage points from the post-2008 financial crisis low and surpasses the peak during the dot-com bubble. Stock allocations among similar investors in G10 countries have also risen to about 57%, exceeding the previous cycle high by roughly 12 percentage points. This indicates a significant deepening of global households' and institutions' reliance on the stock market for wealth. High stock positions can amplify the wealth effect during market upswings but also mean that household consumption and institutional balance sheets become more sensitive to market pullbacks, with potential incremental buying power relatively constrained. However, record-high positions in themselves are not a signal of a market top; valuation, earnings, and capital flows must still be considered for judgment. [Original Link]