The wealthiest 20% of households own 93% of stocks

This pretty much confirms that the stock market is not a good indicator of the overall economy, and to trade successfully one needs to only look at data that have major impacts on institutional investors.

Image Source: Data Driven Investor

 

dunno about this

 

On a global scale the richest 1% own half the world's wealth:
https://www.theguardian.com/inequality/2017/nov/14/worlds-richest-wealth-credit-suisse

 

Looking at the chart will do, no need to complicate life with unnecessary data.

 

It confirms nothing.

What a useless unactionable metric.

 

Pretty sure the poorest 80% work for the richest 20% so it still is a good indicator of the economy.

If you have no money, it's just you that has a problem. If your employer has no money, then you, him and everyone that works for him has a problem which is why the stock market is still a good indicator of the economy.

 

Does this includes stock funds in 401k's, IRAs, Pension funds (Teachers, Government workers, Military), or just direct ownership of stocks?