Bank giant Goldman Sachs says that American households will continue to pump money on the stock market this year and remain the most important buyer of shares.
Seen in a note by BloombergGoldman analysts led by David Kostin say they expect American households to buy $ 425 billion in US shares this year.
In addition, households would only follow companies, the bank predicts that they will buy $ 675 billion, as the best sources of stock demand.
Goldman partly bases the prediction on the concept that “there is no alternative” (Tina) for the American markets.
“Tina Trade stays alive and in American pension accounts.”
A separate group of Goldman analysts says that during the “Liberation Day” stock crash at the beginning of April, American households bought the dip aggressively, but have since become net sellers. However, according to the bank, that sales pressure is compensated by a new institutional question.
“The resilience of the household demand for shares is of vital importance because households represent the largest ownership category of the US stock market … Households own 38% of the US stock market and control an even larger share including indirect ownership by funds.”
The analysts added that Americans assign on average 49% of their total financial assets to shares, which is registered the highest level and just above the previous high of 48% in 2020. Compared, compared to people in the euro area, only give 10% of their total assets to shares and only 13% in Japan.
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