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Howard Lindzon: Wealth concentration in U.S. now extends to top 10 percent

Howard Lindzon: Wealth concentration in U.S. now extends to top 10 percent
Wealth gap widens to top 10 percent

Howard Lindzon described a shift in the distribution of wealth in the U.S., stating that the top 10 percent now functions as the new 1 percent. Lindzon also referred to the emergence of what he termed "Degenerate Luxurians" to comment on current trends in the American economy.

Lindzon has previously noted market divergences, pointing out when Visa reached record highs as U.S. pending home sales hit all-time lows. In an earlier update, he discussed preparing for the trading week using the Stocktwits momentum 25 lists. These past observations add context to his recent comments on wealth distribution and economic trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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