There’s definitely something messed up about an economy designed for millionaires and billionaires… but won’t nurture the middle class. Before our current winner-take-all economy, the stock market and middle class actually had a booming relationship.
Of course, something like this is hard to believe when you know that 10% of the wealthiest Americans own almost 90% of stocks on the market…
The statistical divide of stock holdings between the middle class and elite has widened in the past three decades… But what if this pandemic has been the catalyst the middle class needed to once again have a foothold on Wall Street?
In today’s video, I want to do something different… I want to cover the stock market and the middle class.
I was watching a Netflix movie the other day and it covered the relationship Wall Street has with the working class. Back in the 1950s-70s, the stock market was one of the most beneficial outlets for this class of people.
Instead of putting their money into banks or mortgages, they would invest in businesses and grow their wealth. This ended up being a strategy that people in the middle class used to climb their way into elite status.
The middle class fascination with Wall Street ended up helping businesses grow, and the economy to boom.
And I think this boom is going to happen again.
Treasury Secretary Janet Yellen — a former Federal Reserve Chair — recently announced the Fed is going to help fight economic inequities.
She plans on closing the wealth gap, restoring American standing and building “our economy back better than before.”
Now I can talk about the Fed all day long and how it actually helped create this wealth gap.
But what if Yellen can actually accomplish what she’s planning?
I was thinking… With the rise of online trading platforms (like Webull), people still working from home and taking up trading as their new hobby, we could see working class, novice traders dominate the stock market like back in the day
For example, I was in the car with my Uber driver the other day and I saw him pull up a trading app. He was checking to see how well one of his trades performed and, I’m not going to lie, his gains were pretty impressive.
So now I’m asking myself — and you — if what we’re seeing is another boom in the economy that’ll offset a bullish market, or if Wall Street is about to be hit by a doomsday-like financial reset…
Watch today’s video to learn more about the future relationship between the stock market and middle class. As always, leave your thoughts in the comments below, and don’t forget to subscribe to my YouTube channel to stay up to date with all things options trading.
P.S. If you missed or didn’t finish my controversial presentation, it’s available here for replay. You can pick up where you left off or start from the beginning…
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Considering the success of this program — 86.95% accuracy on 23 trades closed in 2021 so far as of this writing — you can’t blame my publisher for insisting the price be raised.
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