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Clearly, Not Everyone Is Getting Rich Off The Stock Market

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Well, the NY Fed was out today with its Quarterly Report on Household Debt and Credit for Q4 2017. Clearly, Americans are in a lot of debt. Take a look. Just a couple of quick hits from the report. Total U.S. household debt rose $193 billion in the 4th quarter, to a new all-time peak of $13.15 trillion. That's 17.9% above the most recent trough in Q2 2013. Broken down by segment, what do you suppose was the largest gain in percentage terms? Credit cards, with a 3.2% increase. In the picture above, the widening gap represented by the red arrows reflects the fact that non-housing debt is rising at a faster pace than housing debt. Here's what's troubling about that. Below is a picture of the stock market, as represented by the S&P 500 index, over that same period; from the most recent credit trough in Q2 2013 to the end of 2017. And thus, the title of this article. Over that period, the S&P 500 index rose by 75%; from roughly 1,600 to 2,800. Apparently, ho...

ETF Snapshot: SCHX

ETF Name: Schwab U.S. Large-Cap ETF
Asset Class: Domestic Stock - Large Blend
Index Tracked: Dow Jones U.S. Large-Cap Total Stock Market Index
Expense Ratio: .03%
Assets Under Management: $4.8 billion
Number of Holdings: 763
Price/Earnings Ratio: 19.11
Price/Book Ratio: 2.69
SEC Yield: 2.11%


SECTOR WEIGHTINGS


TOP-10 HOLDINGS




Additional ETF Monkey Analysis (If Available)

None currently available.

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